French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse.
Two months later, in another remarkable call, the hedge-fund trader tweeted on the morning of April 20 that oil could turn negative in a perfect storm of evaporating demand, chronic oversupply and scarce storage.
Andurand had previously correctly forecast that oil prices would strike a record peak of $147 per barrel in 2008.
Andurand added that he then realised there was a "strong probability of containment measures" that would likely slam the brakes on global oil demand -- and spark a chain reaction that would tank the market.
Fast-forward one month, however, and oil prices have recovered somewhat to trade at around $35 per barrel, on the back of an easing supply glut and output cutbacks from Opec and fellow crude producers.
