“I’ve been doing this 30 years and I’ve never seen markets like this,” Currie said in a Bloomberg TV interview.
The Bloomberg Commodity Spot Index, which tracks 23 energy, metals and crop futures, has touched a record this year.
Diesel futures are in their strongest backwardation since 2008, excluding expiry days, according to data compiled by Bloomberg, while the structure of the crude market has also been booming in recent days.
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