WESTPORT, Connecticut (Bloomberg) -- Oil prices have almost bottomed out and “some recovery” is likely by the second half of the year as demand picks up, commodity hedge fund manager Andrew J. Hall told investors. Crude could trade in the $40/bbl range in 2015, close to “an absolute price floor,” the head of Astenbeck Capital Management wrote in a Jan. 2 letter obtained by Bloomberg News. A significant amount of U.S. and Canadian production can’t cover the cash costs of operating at that price, he said.
More »
Oil trader Andy Hall sees $40/bbl price floor and 2015 recovery
![Oil trader Andy Hall sees $40/bbl price floor and 2015 recovery]()
Reviewed by Crude Oil Facilitators
on
12:48
Rating:
No comments:
Post a Comment