A GS analyst was interviewed by S&P. highlighting oil and copper gains ahead

Main points:

  • Oil has a 'lot of upside', copper prices already at supercycle levels
  • Supercycle reminiscent of 1970s spike rather than 2000s bull run
  • Supply crunch could play into shale, core OPEC+ hands

Here is the piece by S&P - its a decent discussion of the fundamentals as seen through the eyes of the GS analyst.