Oil could top $100 as commodities boom shifts away from China, says top economist
Published on1 Jul 2021
Prices for commodities ranging from corn to copper to oil soared in the first half of 2021 on a combination of pent-up demand and supply bottlenecks resulting from the COVID-19 pandemic. The dynamics of the rally are changing, but further, broad-based gains look set to continue, said Saad Rahim, chief economist at Trafigura, one of the world’s largest commodity-trading firms.
This article was originally published by MarketWatch on the 1 July 2021.