“Hedge-Fund Investors Pour Into Oil as Firms Predict Surge to $80”: Bloomberg. $100 oil ahead again?

The ”crunch year” for strong oil prices will be 2019, one hedge fund says, emphasising underinvestment and Middle East geopolitics.

The IEA warned in March of a global oil supply crunch after 2020 without major investment in production. Some deep pockets are now betting that they are understating the problem. This will be one very interesting drama to follow over the next year or so, and this website will try to be a good place for the busy to do so.

Image: OilPrice.com

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