To get the most out of this website it's best viewed on a more up-to-date browser. See how to update your browser.

Investment Event - Oil prices go negative

Oil prices slide further amid storage concerns
21 April 2020
    Read in PDF formatEnglish, PDF, 273.04KB
    Print this article

    Key takeaways:

    • WTI oil prices have fallen into negative territory amid a significantly oversupplied market and limited storage capacity
    • Contracts for delivery beyond June have held up relatively better
    • The unprecedented moves in oil markets reflects the significant challenges facing the global economy.
    • Nevertheless, for global equities, highly attractive relative valuations and policy support measures means we remain strategically overweight in our multi-asset portfolios