Lower Oil Prices Possible Through 2020: Michael Hintze

Sir Michael Hintze of London-based CQS Investment Management said the “new normal” in the price of oil could last for the next decade due to a structural shift in the dynamics of the oil market. In a new research report cited by The Australian Financial Review, the billionaire founder of global hedge fund CQS said, “There is a major change to the value chain taking place.” Oil prices: New normal could surpass 2020 According to the new research report, Hintze said that the “new normal” in crude prices could surpass 2020 due to structural shifts in oil market dynamics. He indicated that…