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2016-01-28 18:45:00

PRICE WILL BE HIGHER

PRICE WILL BE HIGHER

 

After a 2015 that famed oil bull Andrew Hall said "wasn't much fun" because of plunging crude prices, the chief of Astenbeck Commodities says the market is ripe for a jump as producers operate near maximum capacity while supply risks rise.

Hall's Astenbeck Commodities Fund suffered a more than 35 percent drop in 2015 as bullish bets on oil took a hit, pulling its total assets under management to $2.1 billion, according to company documents.

"Last year wasn't much fun for anyone investing in commodities... An uncertain macro-economic climate and a strengthening dollar provided strong headwinds which,…

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Tags: OIL, GAS, PRICES

Chronicle:

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