Andurand's "Hedge" Fund Lost 52% In First Two Weeks Of April On Levered Oil Bets

Ukrainian Sea Drone Destroys Russian Ship Vital To CPC Oil Repairs Tit-for-tat attacks on commercial vessels in the Black Sea as well as Sea of Azov have been raging all summer, but Ukrainian forces are now strategically going after smaller ships which yet play an outsized role in repair and logistics related to damaged Russian and central Asian oil infrastructure. "Ukraine attacked a small service ship involved in planned repair works at the key CPC oil terminal in the Black Sea, a person with knowledge of the matter said," Bloomberg reports...

Collision Next Week: Spent SpaceX Rocket Set To Slam Into Moon A spent SpaceX Falcon 9 upper stage is forecast to slam into the moon near Einstein Crater early Wednesday morning, potentially producing the first impact plume observed from Earth against the lunar surface's sunlit side. William Jo, a doctoral candidate at the University of Texas at Austin's Cockrell School of Engineering, and five co-authors posted a preprint to arXiv detailing the expected lunar impact of the spent upper stage rocket. Using a high-resolution physics simulation, the researchers modeled what could...

Trump-Netanyahu "Differences": A Good Cop-Bad Cop Routine By Michael Every of Rabobank As You Were... But As Who Was?  Yesterday nearly saw a full restart of the Israel-Iran war, apparently pulled back from the brink by intervention from President Trump. After yet another Middle East rollercoaster for markets it’s now ‘as you were’, with oil --so everything else-- little changed. The larger issue behind that pricing, however, is the key question - ‘As who was?’ Iran set up its proxy network, centered on terror group Hezbollah in Lebanon, to protect itself: if...