Andy Hall: Ignore The Bears, Oil IS Going Higher

Andrew J. Hall, the head of commodity hedge fund Astenbeck Capital, and sometimes referred to as the "Oil God" is still holding onto his view that the price of oil will rise substantially from current levels.

In Astenbeck’s second quarter letter to investors, a copy of which has been reviewed by ValueWalk, Hall writes that if you look past the media hype, oil market fundamentals are steadily improving, however, “the market is not concerned whether current prices are sustainable. The market is being driven by its own momentum and currently that is down.”
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