KKR Backed Hedge Fund: Oil Has Floor As Saudi Economy In Dire Straits

There is a floor in the oil market, a report from KKR backed, Blackgold Capital Management said, and this will impact investments in and around the energy market. The report to investors reviewed by ValueWalk comes as those in the OPEC cartel find themselves in particularly difficult straits — and their plans to push out US oil producers appears to have backfired to a degree. Also see Andrew Hall The God Of Oil Has Capitulated On Bullish thesis Q3 2016 Hedge Fund Letters   Blackgold Capital Management: Economies in OPEC countries are feeling extreme pain For the last three months,…