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According to Dominic Rossi, head of equities at Threadneedle, investors need to get used to the high price of 'black gold' and begin reallocating some of their asset allocations, reports Reuters.
In addition to profiting from the huge amount of wealth being transferred from oil importing nations to their oil-producing counterparts, Mr Rossi claims investors could make gains indirectly from different stock and share in the retail, property and mobile telecoms sectors.
"We can't see oil falling below $100 from here and it's time investors accepted triple digit oil and started positioning portfolios accordingly," he commented.
Among the factors contributing to the hike in oil prices are rising global demand for the commodity, geopolitical tensions in the middle east and Latin America, in addition to restricted refinery capacity in the US.
