Oil could top $100 as commodities boom shifts away from China, says top economist

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.

Read the full article: https://www.marketwatch.com/story/oil-could-top-100-as-commodities-boom-shifts-away-from-china-says-top-economist-11625144052

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