Market Outlook: Oil volatility could support energy and resource stocks
BNN Bloomberg
Oil volatility tied to the Middle East conflict could support energy and resource stocks as investors look beyond crude prices to broader commodity demand.
BNN Bloomberg spoke with Martin Roberge, managing director and North American portfolio strategist at Canaccord Genuity, about why energy stocks often track forward oil prices and why investors may want broader exposure to resource equities.
Read the full transcript below:
ROGER: The price of oil has spiked again, renewing fears the conflict in the Middle East will continue to reduce energy supplies and fuel inflation. You can see there oil is up another 10 per cent, to about US$96. WTI, S&P futures and European equities are seeing some pressure as a result.
Joining us now is Martin Roberge, managing director and North American portfolio strategist at Canaccord Genuity. Martin, thanks very much for joining us.
MARTIN: Thanks for having me.
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