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Is This Oil Rally The Start Of Something Much Bigger?
By Tsvetana Paraskova - Feb 16, 2021, 7:00 PM CST
Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.
The commodity bull run across the board—spearheaded by a 50-percent jump in oil prices over the past three months—isn’t finished running, analysts and investment banks say. Some of the biggest investment banks have even started to call the start of a new commodities supercycle, which by definition, lasts years—typically about a decade.
Yet, not all investment banks and analysts are as convinced that we are in for a commodities supercycle across the board, warning that the term