Stan Druckenmiller on oil

 

 

http://www.bloomberg.com/news/articles/2015-04-15/druckenmiller-bets-on-market-surprise-with-china-boom-oil-riseOil Prices

Druckenmiller anticipates oil prices -- which plunged about 50 percent since June -- will rise by next year after companies slowed production and exploration.
Duquesne Family Office sold its retail and airline stocks, which benefit from lower oil prices, and has bought equities that benefit as energy prices climb, such as LyondellBasell Industries NV. The world’s biggest maker of polypropylene plastic rose as much as 3.1 percent today to $96.18, the highest price since October. He’s also buying crude futures.