Energy Hedge Fund Eyes $200 Oil on Potential Russia Export Ban
- Westbeck says oil and equity markets not priced for this risk
- Energy Opportunity Fund up an estimated 17.4% in year to date
Oil storage tanks in Tuapse, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The prospect of restrictions on Russian energy exports could send oil prices above $200 per barrel, according to Westbeck Capital Management.
The London-based hedge fund is among a cadre of commodities-focused funds betting on an extended rally for crude after Russia’s invasion of Ukraine, even as a potential Iran nuclear deal paves the way for Tehran to return to international markets.