Why the great de-stocking in oil and commodities could pave the way for future gains

Published: May 25, 2023, 1:56 p.m.

Oil and commodity prices have fallen this year amid unprecedented declines in inventories.\xa0But this \u201cgreat de-stocking\u201d could also pave the way for strong gains if the economy avoids a recession given solid fundamentals and overall demand, explains Jeff Currie, global head of commodities in Goldman Sachs Research.