Andy Hall, an oil trader referred by some as “God,” is closing down his main hedge fund following sizeable losses in the first half of the year, reported Bloomberg on Thursday, citing people familiar with the matter. Hall recently told investors that crude prices may hover around $50 a barrel or even lower, according to the report. Hall’s Astenbeck Master Commodities Fund II has lost nearly 30% in the first six months of the year, Bloomberg said. West Texas Intermediate futures for delivery in September fell 16 cents, or 0.3%, to $49.42 a barrel on Thursday and is down 13% year to date. October Brent crude edged up 8 cents, or 0.2%, to $52.44. For the year, Brent is down 11% amid a continued global glut in crude supplies.
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