Pierre Andurand, one of the world’s best-known oil traders, has suffered a large loss at the start of this year because of wrong-way bets on crude. Mr. Andurand, who runs the $1.5 billion Andurand Commodities Fund, lost 8.5%, or approximately $130 million, in the first two months of this year, according to numbers sent to investors and reviewed...

Source: Wall Street Journal March 13, 2017 12:33 UTC