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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. 

Oil storage tanks in Tuapse, Russia. 

Photographer: Andrey Rudakov/Bloomberg

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.