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Pierre Andurand, a commodities trader, has seen one of his fund soar 109% through the first three months of the year, after sensational gains in both 2020 and 2021 as well. He’s not a permabull, either, having bet that oil prices could go negative, a prediction that came to fruition in 2020. But he’s incredibly ...
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
Fund managers and analysts say the heavy fall in oil over the past week will be short-lived, with crude at $US200 a barrel not out of the question.
Russia spent years building a giant stash of gold, an asset that central banks can turn to during a crisis. But any attempt to sell it will now be a challenge just when it’s needed most.
(Bloomberg) -- Commodities trader Pierre Andurand sees a path for crude oil to get to $200 by the end of the year as historically tight markets struggle to ramp up production and replace lost supply from Russia.