Investment insights
Analyzing promising asset classes for the first half of 2024
Analysts foresee the beginnings of a new supercycle across the commodity market
Illia Kyslytskyi
Partner, Head of Analytics Department at Blackshield Capital
What should an investor in commodities take into account? Let's take a closer look at the situation in the main categories of raw materials.
Oil and oil products
Oil will be an attractive investment asset in the coming months given such trends. As early as the second half of 2023, crude oil prices reached a local minimum (about $63 per barrel). According to our forecasts, this market will continue to have an imbalance between supply and demand this year. The global oil market could face a shortfall of around 600,000 barrels per day. However, there is a high probability that crude oil inventories in the Organization for Economic Co-operation and Development (OECD) countries will continue to remain low in 2024.
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