#Finance: #Oil Is Safer Than #Treasuries for This #Investor - #Business

"Oil is a better bet than Treasuries as the Federal Reserve contemplates raising interest rates, according to Park Sungjin, an investor in Seoul."

Crude oil will rally about 10 percent to $47.34 a barrel

While the Fed probably won’t act as soon as Wednesday when it concludes a policy meeting, U.S. interest rates may head higher in the coming months, said Park, the head of investment management at Meritz Securities Co., which has $7 billion in assets.

West Texas Intermediate crude oil is attractive following a 47 percent plunge over the past year, according to Park. 

“Where should we look for the safe havens?” Park said. “It sounds crazy, but I think the commodity market is much better than any other, including Treasuries. The Fed is ready to raise rates, the commodity market has corrected already. I’m buying. We have a long position on commodities, especially WTI. You have to use energy.”

Following article: Crude oil will rally about 10 percent to $47.34 a barrel