Crude oil has started to dominate the financial news as it grinds ever higher fuelling major inflation fears in the process – petrol in Sydney at a number of stations has popped over $2 a litre. At MM we expect higher prices well into 2022, hopefully we see the local Energy Sector finally believe in the move, the likes of Santos (STO) remain below their June high basically ignoring the last 20% rally in oil. Investors should be mindful that these sorts of moves have a habit of going for longer and further than most pundits envisaged.
MM remains bullish crude oil
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