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Oil bull Andy Hall says only the brave will bet against Opec moves

Monday, October 10, 2016 - 05:50
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Many analysts are sceptical of Opec's pledge as it has been maxing out production whenever possible. Mr Hall, however, says that the output of most Opec members has possibly peaked in recent years.

New York

Opec is back in the business of influencing oil prices as Saudi Arabia works with Russia and Iran to limit output, and only "a brave person" would bet against this, oil bull Andy Hall said in his latest investor letter.

The hedge fund manager is up nearly 18 per cent for