Oil prices sustained by continued high demand

US fund managers remain positive on energy stocks, expecting oil prices will be sustained at around $25 and that company earnings will continue to improve. Despite the recent announcement by Saudi Arabia that it will pump an extra 500,000 barrels of crude oil into the market daily, fund managers do not expect this to have a significant impact on the market. Both Newton and Scottish Equitable remain positive on the sector and do not expect the extra volume will have a significant impact in terms of the global output. The Saudi Arabian decision will cause short-term effects and lead to v...