“Crude prices do have more steam on the upside,” said Peter McGuire, CEO of XM Australia in an interview with CNBC-TV18.

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He believes all the commodities are booming and it is giving more power to the crude issue.

In terms of metals, he said, "Copper is incredible. A couple of weeks ago, copper was at USD 9,200-9,400 and now at USD 10,500. I think copper has got the potential to be at USD 11,000."

Currencies have been incredible. There is some very smart money to be made at the moment, he mentioned.

For a full interview, watch the video...

(Edited by : Aditi Gautam)

First Published:May 10, 2021 3:07 PM IST