Traditionally ahead of a major event, such as a new US presidential inauguration, markets are filled with enthusiasm for a new policy era, and oil markets are no exception.
The Biden administration is not only seen as the beginning of more political stability in the US, but also as the catalyst for a generous relief package that will create more economic activity and more demand for oil as a result.
More spending means more money changing hands, more transport and more products, and oil fuels that.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.