31 days ago • Posted by William Ramstein
Energy rally could sustain in the short run but medium-term is murkier
Warren Buffet's Berkshire Hathaway disclosed investing in Chevron. Rising oil prices have fueled an earnings recovery for energy firms but the long term is not as bright suggest BMO capital markets. Secular supply and demand dynamics for oil could make it hard for the sector to outperform. Inflation could come as a major tailwind however. Summer could present an interesting period for oil as large scale recovery could be underway-- jet fuel and general gas demand could soar further.