World Capital Solutions Take Positive Stance On Oil
Released on: August 20, 2008, 2:30 am
Press Release Author: Ed McMahon
Industry: Financial
Press Release Summary: Following some wild movement in crude over the last 12 months, World Capital Solutions are now talking of stable positive momentum as its short-medium term outlook.
Press Release Body: According to industry chatter, analysts at World Capital Solutions are viewing the recent downturn in oil prices as a logical reaction to a large overshoot in the dizzying upward movement seen back in July, when crude prices topped out at a record $147.27.
Following a recent industry convention in Athens, many insiders have spoken of persistent rumblings about views made by the team from WCS, stating that Crude Prices are now positioned to march on upwards once more, after market turmoil and over-eager speculators resulted in the big swings seen of late.
The current exposure of World Capital Solutions' to global crude prices is unknown, but the comments are seen as suggestive that the Asset Management Firm have already accumulated a substantial position in Oil and selected Oil companies and will continue to expand that in the near future at the very least.
One anonymous source from the Athens convention stated that "World Capital Solutions firmly believe in more upside and had not just worked this out today. They will have benefitted from the recent recovery too."
Furthermore, the source went on to explain that the original comments came about through a discussion on US monetary policy, in which the WCS representative was adamant the decline of the dollar still had some way to go, (which would naturally lead cautious investors to look for commodity hedges such as gold and oil). The source concluded by saying that executives of World Capital Solutions have since refrained from distancing themselves from these views.
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