Pierre Andurand, the trader who rose to fame because of bold bets in the energy markets, is now stepping away from crude oil while sticking with an outlook for higher copper and cocoa prices. Andurand Capital Management remains bullish on copper and cocoa futures, even as prices for both commodities have retreated from rallies to all-time highs earlier this year, according to a letter to investors seen by Bloomberg. And meanwhile, the firm “fully exited” long positions in oil futures prior to a June OPEC+ meeting, with a current “mixed” outlook on the market, the letter said. “We will reengage in the oil markets once ... (full story)