Commodities complex: Citigroup's Morse expects lower oil after short-term spike
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English - August 17, 2021 11:50 - 17 minutes - 16.2 MB - ★★★★★ - 1 ratingInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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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 the outlook for oil, Morse expects a short-term spike, possibly to $80, but a move lower next year towards $60.
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