Pierre Andurand: Oil Could Jump To $200 By Year-End

Oil prices could jump to an all-time high of $200 per barrel by the end of this year, as oil producers ranging from African members of OPEC+ to the U.S. shale patch will struggle to replace the Russian crude that is going off the market, popular hedge-fund manager Pierre Andurand told the latest episode of Bloomberg’s Odd Lots podcast. Andurand, CIO at Andurand Capital, believes that around 4 million barrels per day (bpd) of Russian oil supply is already out of trade on the market after the financial sanctions against Russia over its invasion…