By Julia Payne and Ron Bousso LONDON (Reuters) - The market has underestimated the impact of a change in marine fuel oil rules that will turn diesel into 2019's big winner, while crude prices will cool down to around $65 a barrel, a top hedge fund manager told Reuters. Growing concerns over global economic growth and trade wars are expected to weigh on oil prices next year, New York-based BBL Commodities founder Jonathan Goldberg told the Reuters Global Commodities Summit. Crude oil recently rose to a four-year high on the back of declining Venezuelan output and an expected major hit on Iranian exports once U.S.
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Tuesday, 30 October 2018
Hedge fund BBL goes bullish on diesel, bearish on oil for 2019
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