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MercoPress, en Español

Montevideo, April 26th 2024 - 14:39 UTC

Tag: market collapse

  • Monday, May 25th 2020 - 07:52 UTC

    Pierre Andurand, French 'wonder boy' who predicted the sub zero oil market collapse

    The trader said he had realized “at an early stage” that the COVID-19 pandemic would be “hard to stop” for governments across the world.

    French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. Andurand, the 43-year-old founder of London-based Andurand Capital who runs two multi-million-dollar funds, bet in February that the deadly COVID-19 outbreak could represent a rare “black swan” event that would send prices into reverse.