Goldman's Damien Courvalin Discusses Oil Market

The video discusses the recent catch-up of oil with the commodities sell-off and explores whether this trend is here to stay. It highlights that the main factors influencing commodities are not inflation or Fed guidance but rather accelerating global demand, especially in the West, inelastic supply, and low inventories. Oil is presented as having the most bullish case among commodities in the coming months. Despite recent declines in metals and grains, the overall market remains constructive due to the current demand-supply imbalance. The fundamentals have not changed significantly, suggesting a stable outlook for commodities.

What does the teacher mean by 'transient in the buying opportunity' regarding commodities?

In what ways does the teacher believe the fundamentals of the commodities market have changed?