For the past few weeks, commodity prices have been soaring. Wood Mackenzie analyst Simon Flowers tells DW there's more to it than just a return to normal.
Why are Americans searching for supercycle on Google?
The interest in the term has been at its highest in more than a decade, according to Google data. Much of that has to do with a certain Doctor Copper who is predicting, what else a supercycle.
Several traders and bankers are saying a commodity supercycle is underway
A word that was hardly used in recent years is back in vogue: supercycle.
A surge in metal and oil prices has got bankers and traders predicting the onset of a new commodity supercycle, a cycle that would involve a boom in commodity prices followed by a bust over an extended period that could last decades.
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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
Things appear to be looking up in oil markets, and bulls have reason to be optimistic in 2021, based on the latest supply and demand data and forecasts
The declining upstream investment, if not reversed in the next few years, could lead to a crude oil supply gap later this decade, regardless of when peak oil demand will occur