Energy shares are rising because the oil price has hit quite a comfortable level. I'm not really concerned about rising interest rates. They've been priced into the market already. |
There are fears in the market that the supply from Iran could be reduced. This is obviously positive for oil prices and oil companies. |
There's obviously more upside for oil stocks. Analysts have been conservative with their forecasts. They're still assuming about $40 a barrel in the long term. |