Business
End of oil price rally fires warning shot for the ASX COVID recovery trade
The oil price rally appears to have come to an abrupt end in what could be an ominous sign for the COVID-19 reflation trade.
It isn’t only the end of JobKeeper that investors have to worry about!
While the Brent crude price bounced around 2% to US$64.53 on Saturday, investors are still feeling the sting of the more than 7% crash the day before.
It’s not only shareholders in ASX energy shares like the Woodside Petroleum Limited (ASX: WPL) share price and Oil Search Ltd (ASX: OSH) share price that would be biting their nails.
Oil threatening the ASX recovery trade
Oil is after all the poster child for the COVID recovery trade…
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