Oil is hovering around $100 a barrel, but the next shock could come from four pressure points that have little to do with the headline price itself. A $750 million commodities fund manager says dwindling US reserves, collapsing oil demand, China's purchase dynamics, and the market's ability to replace disrupted supplies could determine where crude goes next.
Jeffrey Baird, managing partner at Merritt Point Partners, has spent 25 years trading commodities. His fund specialises in commodities and uses long and short options strategies across the asset class, which has reportedly returned over 16% in the past 12 months.
