Wait for second half, Andy Hall tells bulls counting on $60 oil

Wait for second half, Andy Hall tells bulls counting on $60 oil

ByBarani Krishnan

By Barani Krishnan Hedge fund managers who rushed into crude oil longs only to see the rally stop at below $60 a barrel may have to wait till the second half for their payoff,  renowned oil bull Andy Hall says. “Patience is a virtue,” Hall, who runs the $2.3-billion oil-focused Astenbeck Capital Management hedge fund…

Oil bull Hall's hedge fund down 5 pct in Jan; cites "interesting times" under Trump

Oil bull Hall's hedge fund down 5 pct in Jan; cites "interesting times" under Trump

ByBarani Krishnan

Until inventories fall demonstrably, market will have difficulty adding to gains If contango stays, prices could be capped at $55/barrel levels If backwardation occurs by middle of year, mid $60 levels likely By Barani Krishnan NEW YORK, Feb 7 – Prominent oil bull Andy Hall posted a 5 percent loss at his hedge fund in…