Top Funds to Ride the Oil Price Rally

With the price of oil up more than 50% over the past year, is it time for investors to start backing resources funds again?

Holly Black 15 May, 2018 | 3:13PM

Oil Rig

The oil price has reached a three-and-a-half year high and commentators say political tensions could drive it higher still – that means there could be opportunities for brave investors.

Oil this week reached $78 a barrel for the first time since 2014. A fall in supply and geopolitical uncertainties have helped drive the price upwards; US President Donald Trump has pulled out of a deal between Iran and the United Nations Security Council in a move some fear could lead to strict sanctions on imports of oil from the country.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BP PLC428.70 GBP0.00
Invesco UK Growth UK Z Acc361.68 GBP-0.87
JPM Global Natural Resources C (acc) EUR12.57 EUR-1.09
Royal Dutch Shell PLC B1,780.20 GBP0.00

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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