Oil promises better investment environment for hedge funds

Price drop not short-lived, and is boon for investors

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In October, pundits wondered aloud whether oil could slide to $80 per barrel. In November, they asked if it could go below $70. In late November, Saudi oil minister Ali Al-Naimi made headlines by saying that the Organization of Petroleum Exporting Countries (Opec) will not cut production regardless of oil's price and in late December he indicated that Saudi Arabia is prepared to increase its production to meet demands of any new customers. The first trading days of 2015 saw crude below the $50 m