Viv Govender from Rand Swiss chose Brent crude oil as his stock pick of the day. “There has been increased production in oil, although the markets are still tight. Depending on what happens in Iran, if countries like India continue to not import from Iran, more tightness can occur, especially in Brent as it may rebound to $80 and above in the next few months,” he said.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.