Oil prices may exceed $140 a barrel this year if Asian economies fully re-open after Covid-related lockdowns, according to hedge fund manager Pierre Andurand.
For investors getting crushed by oil’s relentless drop, contortions in the exchange-traded fund they swarmed into are adding mind-numbing complexity to an already anxious situation.
Oil’s jerky path to recovery has been a frustrating, money-losing affair for hedge fund trader Pierre Andurand this year, but he’s sticking to his view that the commodity is set to rebound.
