A low oil price can only be good for growing the global economy in the long term, says John Stepek. Here, he explains why, and looks at a fund that’s well placed to profit.
Energy: the MoneyWeek view
February 2016: Chronic oversupply Oil has tracked stockmarkets lower this year. When markets collapsed in 2008, oil prices rebounded quickly. But with Russia, Iran, Iraq and Saudi Arabia all pumping at record levels, the world needs a major growth spurt before it can mop-up the oversupply in the energy markets.
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