Big Oil has lagged behind in the race to recovery – expect a spurt in 2014

Most analysts see little upside for the oil price – but they’re missing a trick. Smart investors should place their bets now, says Antonia Oprita.

As we enter 2014, investors are feeling upbeat on most assets: they reckon shares will keep rising, property is a good bet, and even bonds might not be that bad if central banks don’t mess up too badly.

But there’s at least one asset where you’ll have a tough time finding someone making the bull case – oil. Most analysts – in the words of Morgan Stanley – see “little upside for oil prices” [...]

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