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,…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.