UBS Says a Major Commodity Upcycle Is Taking Shape | EN590 Commodities
EN590 Commodities GroupCrude Oil August 30, 2026
Venezuela Helped Build OPEC. Now It May Help Break It Apart The leading economics blog online covering financial issues, geopolitics and trading. One day after veteran commodities strategist Jeff Currie told investors to"get long and buckle up"for the next leg of the commodities rally, UBS strategist Sagar Khandelwal issued a similarly bullish call, urging clients to"position for a commodity upcycle." Khandelwal said electrification, surging power demand, artificial-intelligence infrastructure spending, persistent supply constraints, and years of underinvestment are converging to create a perfect storm for a sustained upcycle in hard assets. Commodities can generate returns while protecting portfolios against energy disruptions and renewed inflation, he said. That defensive role becomes va
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