The energy sector saw a rally in April, helped by the oil price moving above $70 per barrel for the first time since 2014. This was good news for us as we have been turning more favourable towards the sector since the start of the year. And prices have continued to climb, edging above $80/barrel in recent days.
But we can’t claim to have had a crystal ball telling us about the oil price rises ahead. Instead, our optimism towards the sector has been based on a number of different factors.
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