Pierre Andurand Speculates Crude Oil Prices $100 a Barrel in 2018
Pierre Andurand is one the world’s best-known billionaire oil traders, who in September 2015, correctly forecasted that crude would slump to between $25 and $30. Five months after Andurand’s call crude did slump from between $25 and $30. But the oil trader has not always been bang on the money. Indeed, Pierre Andurand’s $2.4 billion funds lost 20% in May 2011, or $500 million. “Demand growth has rarely been this strong, global oil reserves peaked 30 years ago, new oil discoveries are at all-time lows, and we think non-OPEC, ex-U.S., production is doomed at current prices” PIERRE ANDURAND Forecasting...
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