Jeff Currie, Goldman Sachs' global head of commodities research, who has a reputation for bold forecasts, is leaving the investment bank.

Bloomberg first reported that Currie was leaving the bank.

He joined Goldman Sachs in 1996 and became known for his colorful descriptions of commodity markets, including the "Revenge of the Old Economy," which he used to describe an upcoming spike in commodity prices because of insufficient investment. Currie's 2004 forecast came a few years before oil prices hit all-time highs.

Currie also described the effects of the U.S. shale revolution as "Lower for Longer" and "New Oil Order" in 2014 and 2015.

More recently, Currie and the Goldman Sachs commodity team have backed away from triple digit crude oil prices, but have raised the possibility of an emerging commodities supercycle as part of the post-pandemic recovery.


This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.


--Reporting by Denton Cinquegrana,; Editing by Jeff Barber,

(END) Dow Jones Newswires

August 07, 2023 09:15 ET (13:15 GMT)

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