Low oil prices = lower costs for companies = better profit margins and better growth prospects.
As i said, NO need to be bearish. Low oil price is better for global growth.
If the odd oil company goes bust..... all i will say, is its about time. As they have been milking us for years.
Rule of thumb.... 1/3 of SIR costs is oil related..... so its a net positive.
Low oil prices = lower costs for companies = better profit...
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