What should people invest in to make money after the Lunar New Year celebrations? Oil, of course, said the global head of commodities at Goldman Sachs (gated Bloomberg TV interview).
When China and other Asian economies reopen after the Lunar New Year celebrations later this month, they will experience a surge in oil demand as planes, trains, and automobiles are turned on again.
The price of a barrel of Brent oil could rise to $110 by the third quarter if China and other Asian economies fully reopened from coronavirus restrictions. Copper is likely to top $11,500 a ton by the end of 2023, Currie said.
