Goldman's Currie Still Bullish on Oil Into Next Year

Jeff Curry from Goldman Sachs discusses the current state of the oil market, highlighting a slight deficit in supply and demand recovery post-COVID-19. He notes that oil prices are slightly above fundamentals due to dollar weakness and sector rotation. The copper market is driven by strong Chinese demand and supply disruptions in Latin America. Gold prices are influenced by investment demand and inflation concerns.

What is the current state of the oil market as discussed in the video?

• Demand has fully recovered.

• There is a slight deficit in supply.

• Prices are stable with no fluctuations.

• There is a surplus in supply.

What factor is mentioned as driving oil prices above fundamentals?

• Stable geopolitical conditions

• Weakness in the dollar

• Strong supply from OPEC

• High demand in Europe

Which market is experiencing strong demand from China, according to the video?

• Natural Gas

• Copper

• Gold

• Oil

What has caused copper inventories to become tight?

• Surplus in the market

• Decreased global demand

• Strong Chinese demand and supply disruptions

• Increased production in Latin America

Which factor is NOT mentioned as influencing the copper market?

• Chinese infrastructure investment

• Supply disruptions in Latin America

• Weak demand in Europe

• Local government stimulus in China

What is the new target price for gold as mentioned in the video?

• $2500

• $2000

• $1800

• $1500

What is driving the increase in gold prices?

• Decreased investment demand

• Strong investment demand and inflation concerns

• Stable market conditions

• Weak demand for jewelry