Listen: ‘21 is going to be a good year (for commodities)

Optimism surrounding the vaccine rollout and a recent production cut by Saudi Arabia have lifted the price of Brent about 7% since the start of the year, adding to a 25% surge in the last three months of 2020. But with many economies still in full lockdown, demand for oil is expected to be weak over the next few months while higher prices could encourage some producers to pump more than agreed. In this podcast, ING's Senior Editor Rebecca Byrne asks Head of Commodities Strategy Warren Patterson whether the gains have been justified or if the rally gone too far.