Bernstein Insights

The price of oil climbed above $80 in May, a gain of approximately 25% over the last three months and 75% since last summer. But oil futures contracts suggest investors believe the price should retreat to $60. We think that’s too bearish. Note to All Readers: The views expressed herein may change at any time after the date of release. This information does not constitute as investment advice. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any security, financial instrument, product or service sponsored by AllianceBernstein or its affiliates. The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this video. AllianceBernstein L.P. makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guaran