Dusseldorf The oil price has come under massive pressure since the beginning of the month. A barrel (159 liters) of North Sea Brent currently costs around $100. The price has fallen by 21.5 percent since the high for the year in early March. The prices of other commodities have also collapsed recently. Copper, for example, lost almost 30 percent over a three-month period. This was triggered by the weak economic outlook for the global economy.
But most analysts expect the commodity super cycle to continue. That would mean years of structural price increases. Star investor Warren Buffett also believes in the long-term upward trend and only recently increased his stake in the US oil company Occidental.
For Jakob Blume, the raw materials expert at Handelsblatt, this is not surprising: “We are being made aware of our own vulnerability. We are still very heavily dependent on oil and gas.” Even investors with a ten-year investment horizon could therefore definitely deal with oil and gas investments.
In this episode of Handelsblatt Today, Blume spoke to host Lena Jesberg about the potential winners and losers of a commodity super cycle and how investors can benefit from it.
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