Chris ‘Oil’ Williams – City investor and financial writer – joined Nick Batsford on Tip TV to discuss recent developments in the oil market.
With both Brent and WTI looking like they’ve found their respective price bottoms, Williams believes that oil could see a bounce going into winter as increasing demand is factored in.
Williams also believes that BP (LONDON:BP) and Shell’s share prices could see a rally, as many hedge funds begin to look at consolidating their short positions. With high dividends intact, these stocks could start to look quite attractive to investors.