“I would be interested to hear FTM view on the oil price and how best to play this from an investment perspective.”

David Fuller's view

Many thanks for an email on a topic which may be of considerable interest to a number of other subscribers. 

The declines in WTI and Brent crude oil are clearly overextended, as you can see from the price charts in the previous item above.  They also look climactic although we have yet to see price dynamics to the upside, which would indicate that demand is returning.  However, we are likely to see that quite soon, not least because of the OPEC meeting on the 27^th. 

The speculative way to participate would be by gradually accumulating futures positions on weakness, but this is a tactic for experienced traders with deep pockets.  The conservative way to participate would be by purchasing shares in Royal Dutch Shell ‘B’ (weekly & daily) or any other high-yielding oil major of your choice.