Hedge Funds Go Sport Fishing, Playing a Game of Guess The Oil Pivot Point

Where is the future headed for oil? Bloomberg Briefs recently hit on this mystic topic, asking top hedge fund names for their predictions on the current hot topic of discussion: oil.

Sitting near the top 2014 HSBC hedge fund performance list has been the London-based Merchant Commodity Fund. So who better to ask about the future of the most hotly discussed commodity, oil, than Doug King, Merchant’s chief investment officer.  King thinks we are going to see oil tag a print below $40, he told Bloomberg.  In fact, traders could see the $30 oil in the next few months "unless we see real slowdown in production growth in the U.S. and Canada."  But don’t try and bottom fish...