Assistant manager of Private Equity at Proven Management, Julian Morrison, has cautioned that oil prices will likely rise further over the next few months due to several factors now at play.
He was speaking on Taking Stock with Kalilah Reynolds recently against the background of oil prices recording their biggest weekly gains in a year recently, rising some two per cent as energy firms began shutting US production in the Gulf of Mexico ahead of Hurricane Ida.
Morrison said the impact of the hurricane in the US will likely contribute to a temporary surge in the rates.
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