Ashburton Investments: What is the outlook for oil as prices slip into bear market territory?

Richard Robinson, manager of the Ashburton Global Energy fund, believes the oil space will be a good place for investors over the next three to five years and is confident that conditions still support an oil price of between $60-$65 by the end of the year. He tells Investment Week that it is crucial not to underestimate the impact of OPEC’s decision to switch its emphasis from targeting price to targeting inventory levels.