RAOUL PAL: 'I think something really big is brewing in oil'

REUTERS/Rick Wilking

Former global macro fund manager Raoul Pal, who called the oil price collapse in late 2014, is beginning to sense a big trading opportunity in the oil market again.

“I think something really big is brewing in oil and it’s probably not ready yet as a trade, but I see the speculative long position in oil much beyond where it was in 2014,” Pal told Yahoo Finance. “People are taking a huge bet.”

In the late fall of 2014, Pal correctly predicted that oil (CL=F) would fall to $40 a barrel. He now thinks the price could fall to $30.


By Julia La Roche.
Full story at Yahoo News.