Commodities complex: Citigroup’s Morse expects lower oil after short-term spike

2021-08-17

In this episode, Ed Morse, global head of commodity research at Citigroup speaks to IGTV’s Victoria Scholar about the outlook for the commodities complex after a stellar year-and-a-half since the pandemic-driven trough last year. Morse says there’s likely to be more differentiation between commodities going forward, and emphasises that we are not in a commodity super-cycle. To play the climate change theme, he favours aluminium and copper for wiring and nickel and cobalt for batteries. In terms of t...

Morse says there’s likely to be more differentiation between commodities going forward, and emphasises that we are not in a commodity super-cycle.

To play the climate change theme, he favours aluminium and copper for wiring and nickel and cobalt for batteries. In terms of the outlook for oil, Morse expects a short-term spike, possibly to $80, but a move lower next year towards $60.

Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.

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