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Oil can hit $100; poses biggest risk to Indian equities: CLSA's Chris Wood

Wood says demonetisation damaged India's 'very large but almost impossible to measure informal economy'

Christopher wood, CLSA
Christopher Wood

Rising oil prices are the biggest risk to the Indian equity story from a five-year horizon, says Christopher Wood, managing director and equity strategist at CLSA in his weekly note to investors, GREED & fear. He expects oil prices to hit $100 per barrel if the United States (US) ends all Iran sanction waivers after May 2 and suggests the best way to hedge this risk is to own oil stocks. However, as a base-case, Wood expects US President Donald Trump to soften his stand. ALSO READ: Brent oil hits $75 a barrel on Iran risk and Russia supply outage “It is also the case ...