PIMCO fund manager does not believe in oil comeback

"The market has frequently romanticized the idea that a fall in investments will lead to higher prices," says Greg Sharenow. He believes it will take years for oil prices to reach their former levels.

Photo: Pimco

The coronavirus isn't the only headache managers have to contend with at the moment. The dramatic drop in crude oil prices has also led to serious consequences over the past few months.

Oil prices have dropped by 45 percent so far in 2020. Currently, Brent oil is selling for USD 34.7 a barrel, while WTI oil is being traded at USD 32 a barrel.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

New paper slams model portfolio boom for conflict of interest

So-called model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according a trio of academics, including Associate Professor from the Norwegian School of Economics Nataliya Gerasimova.

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch