Bill O'Neill, founder, Logic Advisers offers his perspectives on CNBC-TV18 as oil surged on Friday in heavy trading to the fourth biggest daily gain on record, on a deal by European leaders to shore up euro zone banks triggered frantic short-covering by funds that had been riding crude's price-collapse over the last quarter.
Bill O'Neill of Logic Advisers says there are a plethora of events taking place in the global economy that the technicals had signaled to them that crude prices would fall below USD 80 a barrel which it did.
Bill O‘Neill, founder of Logic Advisers says, he is bullish on gold in the long-term. "At the end of the year, we will see little interest in the market. I think we should see gold prices somewhere over USD 1,750 per ounce. So, a moderately bullish forecast," he adds.
Hopes of a Greek bailout deal and rumblings from Iran over crude supply blockages are elevating Brent crude prices. In an interview to CNBC-TV18, Bill O'Neill, the founder of Logic Advisers gives his short-term outlook on crude.
Bill O’Neill, founder of Logic Advisers, and former director of commodities at Merrill Lynch, in an interview on CNBC-TV18's Menaka Doshi, shares his views on the movements happening in the commodity market.