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White Knuckle Ride on the Fuel Rollercoaster

Rising oil prices helped energy funds easily beat the average for all types of unit trust in recent years but falling prices this week prompted fears the upswing is over.

Brent crude traded at less than $20 a barrel in 2001 but hit $55 last month before easing to nearer $52 this week. The effect on energy funds can be seen in the table on this page; £1,000 invested in Investec Global Energy five years ago would be worth £2,294 today - compared with only £1,013 in the average unit trust.

But can these funds - or shares in oil giants such as BP and Shell - keep on motoring? Or will the boom in this sector overheat and crash in the same way that technology, media and telecommunications (TMT) shares and funds flopped five years ago?

Posted on Friday, April 29 @ 18:06:43 PDT by Carrie

Most read story about Business News; Market Research:
OPEC IS NO LONGER ABLE TO CONTAIN OIL PRICES

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Re: White Knuckle Ride on the Fuel Rollercoaster (Score: 1)
by Heineken on Saturday, April 30 @ 04:35:50 PDT
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The idea that oil prices and oil companies are going to collapse like dot-coms betrays the ignorance of a lot of these so-called analysts. Demand is less elastic than they realize---we need oceans of oil even in a full-blown recession. And oil companies will continue to make lots of money as reserves and production fall, because that will drive up prices. Of course, ultimately, it ALL collapses.

Re: White Knuckle Ride on the Fuel Rollercoaster (Score: 1)
by cornflower53 on Thursday, June 01 @ 12:54:58 PDT
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