GS: Opportunities from commodities emerging markets constraints

Goldman Sachs says investors should get exposure to crude oil, and put a $105 per barrel price target on it, as one of the supply-constrained commodities China most needs, David Walker reports.

China is the world's largest commodities producer, overshadowing both America and Russia in second and third place, but it lacks easy access to some commodities its population badly needs, Jeffrey Currie, the bank's global head of commodities research, said at a conference in London yesterday.

He counselled investors at a Goldman Sachs Asset Management (GSAM) Global Strategy Conference to "focus on supply-constrained commodities that China is short of. If China and India chase a commodity, and