Pierre Andurand - Andurand Capital Management

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Last quote by Pierre Andurand

I think oil prices are likely to recover to around $70 … I think the market will switch to backwardation – sustainable backwardation – by late summer and that will bring the next wave in oil prices. I don't think Trump has much impact on oil supply and demand for now. If there is going to be a big change it's going to be with Iran - if he puts sanctions back on Iran.feedback
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Mar 31 2017 OPEC
Pierre Andurand has most recently been quoted in an article called One of the world's best-known oil traders is predicting prices to recover to $70 a barrel. Pierre Andurand said, “U.S. shale producers have been hedging a lot of their production, capping prices, so the improvements in fundamentals were not priced in at all, but I believe that now when people will really see that inventories are going down fast, that eventually the fundamentals will win and prices will go higher.”. Pierre Andurand has been quoted a grand total of 8 times in 4 articles.
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Quotes by Pierre Andurand

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