Andurand Stays Bullish on Oil, Predicting ‘Hefty’ Drop in Supply

  • Hedge fund manager sees stocks falling in last half of 2017
  • $1.2 billion fund gained 4.2 percent in August, beating peers

Pierre Andurand, the hedge fund manager who foresaw oil’s plunge in 2014, says he expects a “hefty" decline in global crude stockpiles next year that should drive prices higher.

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