EXTRACT FROM DAILY TELEGRAPH - 22nd June 2015

Oil Investors betting on crude hitting $82.00 per barrel

European hedge fund believes market for crude oil is oversold as demand picks up

By Andrew Critchlow, Commodities editor


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Insch Capital Management, a Swiss hedge fund, is predicting that prices will be trading at about $82 per barrel by the beginning of next year, and already claims the market is oversold.

The Lugano-based fund says it plans to ramp up investments in the sector in prepartion for an expected 50pc uptick in the price of crude by 2016.

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