Oil prices are set to remain volatile in the coming months as a result of tightening of the crude markets, according to fund managers at BlackRock Merrill Lynch.
The investment firm says the outlook for the energy sector entering the summer is looking increasingly attractive. It says the oil market remains fairly tight in terms of supply and demand, and says changes in economic, supply and weather expectations can therefore have a large impact on the crude oil price. Robin Batchelor, manager of the BlackRock's MLIIF New Energy and World Energy funds, as well as it’s New Energy Technology Trust, says: “At the beginning of the year, the market was concerned about a marked slowdown in the US economy and the potential for some significant non-OPEC (Or...
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