Andy Hall Blames “Fake News” For Misleading On Oil

In a world that’s dominated with short-termism, Andy Hall has to be commended unwavering belief that oil prices are heading back to historical highs despite being wrong for over two years. In his latest letter to investors of his commodities-focused hedge fund Astenbeck Capital, Hall once again reiterates his bullish thesis for the black gold claiming that falling inventory levels around the world, coupled with “low net speculative length and high speculative short interest” will “pave the way to higher prices.”

Andy Hall: Holding Out For Higher Oil As Oil Inventories Fall

In the June 1st 2017 letter, a copy of which has been reviewed by ValueWalk, Hall explains that his forecast is based on fundamental oil data, which...