The Globe and Mail reports in its Thursday, April 16, edition that several energy fund managers remain bullish on oil despite the Iran war, claiming that January's $60-a-barrel price is a thing of the past (all figures U.S.). The Globe's guest columnist Shirley Won writes that energy funds have profited from rising oil prices after Iran blocked the Strait of Hormuz on Feb. 28. West Texas Intermediate crude oil futures, which surged to an intraday high of $119.48 a barrel in March, traded Wednesday at $92 a barrel. Ninepoint Partners manager Eric Nuttall says, "This is the worst energy crisis of our lifetime, but it is critical to have a medium-term view and not trade the headlines." He says, "I am focused on what the day after looks like, when peace eventually breaks out." Mr. Nuttall oversees the Ninepoint Energy Fund and Ninepoint Energy Fund Series ETF. He says: "Energy stocks now look wildly compelling in that environment. We want to be meaningfully exposed to oil names." Given that WTI oil will likely include a political risk premium in the future, he is using $80-a-barrel for next year in investment decisions. Middle East oil output has fallen by a "staggering 13-million barrels a day," he says.