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Landmark’s Blog
Look at the price of oil!
Published on 5th December, 2008 at 13:49 by Eric Mowinski.
The fall in the price of oil has been cliff edge. Is this the right time to buy?
The recent decline of global economies leading into recession has led to a slide in the price oil price.
It was only a few months ago that the price reached $147 a barrel. It now trades at $45 a barrel. So is this a good time to buy? The arguments for investment are still strong. There is a limited supply and the demand from developing economies will still be there when economies recover.
Five years ago we were looking at a price of around $60. This is a speculative investment but on a longer term view may seem to be a good price to get in.
Posted under the following tags: oilprice, investment, investmenttip.
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Landmark Financial Planning is authorised and regulated by the Financial Services Authority. This report is based on information and opinion which are subject to change and for general information only. Do not act on this information without advice from your financial adviser. Accordingly neither Landmark Financial Planning Ltd, partner or employee will be liable in respect of any loss occasioned by any person as a result of such action or inaction.
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