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Home › Oil News: Oil Baron's $433 million Bet that OPEC Blinks First

 

Oil News: Oil Baron's $433 million Bet that OPEC Blinks First

2014-11-09 20:40:44| Electronics - Topix.net

Now, he's backing up that comment by unloading his company's oil hedges in anticipation that OPEC won't engage in a price war with American producers. In Wednesday's earnings release, Hamm said: We view the recent downdraft in oil prices as unsustainable given the lack of fundamental change in supply and demand.

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Category:Electronics and Electrical

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