Oil Very Cheap Relative to Other Assets, JPM's Kolanovic ...
Among global stocks, bonds and commodities, oil is in the 19th percentile over the last 20 years, and to rise to the 50th percentile relative to historical levels, it would need to be at $115 per barrel, strategists led by Marko Kolanovic said in a note Monday. West Texas Intermediate was near $76 on Tuesday. "Relative to broad levels of ...