The surge in commodity prices in late 2020 and early 2021 is in some ways at odds with a global economy still gripped by the COVID-19 crisis. Paul Hickins unpacks the factors that brought about the rally and examines longer-term prospects.

• Is the rise in Brent crude oil prices heralding a “supercycle”?
• How will the “green” revolution drive a long-term commodity bull run?
• The risk of oil price spikes has increased due to COVID-19 and ESG pressures. What does the future hold?