"It is the most investable space out there in the economy right now," Jeff Currie told CNBC's " Squawk Box " on Thursday.
"I don't care how bearish you get on fundamentals this year — if you see the Fed cut, you don't want to be short commodities," Currie said.
Rather, it was the result of a "one-off increase in supply" that the market will absorb, he said.
"It wasn't created by investment or a slowdown in demand," Currie said of the price drop.
"It was created by a one-off increase in supply that the system can either absorb, or that one-off increase in supply goes away."
Persons:
Goldman Sachs, Jeff Currie, CNBC's, we're underinvested, Currie
Organizations:
Goldman, Federal, West Texas, West
Locations:
Iran, Russia, Venezuela, Western