Fears of disruptions in the supply of Russian oil and gas, especially for Europe, reach fever pitch. Sanctions begin to impact physical crude flows from Russia. Hedge fund manager Pierre Andurand: traders are currently in denial about just how much worse things could get in oil markets. The Russian invasion of Ukraine has dominated headlines in the past week and will likely continue dominating them until some form of a ceasefire is agreed upon. In the meantime, it has further enhanced already strong bullishness on energy markets and even reversed the beginnings of an outflow from oil positions by large investors. Thanks to the estimated imbalance between demand for crude oil and the supply of the commodity, prices have been on a more or less uninterrupted rise for the past few months. Large investors such as hedge funds have been strong buyers and bullish betters, and recently, as is […]