The new year got off to a rather turbulent start in many aspects. We are still convinced that the stock markets will have a positive development in 2021. The Covid-19 vaccine as well as fiscal policy support from the US and Europe could boost demand again.
For commodities in particular, we expect prices to rise as demand recovers this year. Towards the end of 2021, crude oil prices could reach the previous year's level. Our research analysts’ current expectation for the next 12 months is USD 65 for the barrel of Brent crude oil. We have combined the most important crude oil stocks in our Vontobel Oil Strategy Index.
The emphasis is on cyclical stocks in the energy sector. This is where we see the greatest opportunities for returns. Europe in particular could benefit, as the markets here tend to be procyclical.
For this reason, investors could look for interesting profit opportunities in the following three stocks:
Please find below our indicative investment opportunities that could be interesting for investors: