Sep 06

Gasoline Glut Threatens a Crude-Oil Rally Fueled by Car Travel

The Wall Street Journal
To really boost demand, businesses and governments would have to make big investments in new factories or roads, but they aren’t, said James Koutoulas, chief executive at Typhon Capital Management LLC. He has been betting oil prices will keep retreating at $50 because demand can’t catch up with supply. “We’ve got no infrastructure spending, no help from [lawmakers] in any country,” said Mr. Koutoulas, whose firm manages about $80 million in assets, largely commodities. “You have no demand stimulus.”