SEC560 schreef op 8 april 2022 03:37:
Don’t be fooled:
JP Morgan: Commodities Could Surge By Another 40%JPMorgan says that commodities have further room to rise.
Particularly for oil, Goldman Sachs is also bullish. There is “absolutely” a supply problem in the sector, Jeff Currie, global head of commodities at Goldman Sachs, told Bloomberg on Wednesday.
There are broad-based supply constraints in oil producers, particularly non-core OPEC, Currie said. Every producer except for Saudi Arabia and the UAE is producing less today than they were in 2020, he added. Throw in the Russian shock, and the supply constraints are the most severe in decades, since the 1970s, according to Currie.
oilprice.com/Metals/Commodities/JP-Mo...