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oil price crash

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Jim Rogers: "Don't Give Up on Commodities"

By , Associate Editor, Money Morning • @TaraKateClarke -

Jim Rogers

Legendary investor Jim Rogers just spoke with BBC's Radio 4 on Aug. 24, now known as "Black Monday" - the day commodities crashed to their lowest level in the 21st century.

Brent crude oil prices, the international benchmark, have plummeted 18.8% in August so far, dipping below $44 a barrel. Futures have fallen 38.6% from the 2015 high of $69.94 seen just over three months ago. WTI crude oil prices have fallen even more - the U.S. benchmark has tumbled 20% this month, 34.6% this year, to hit below $39 a barrel.

There are ample reasons to be pessimistic about commodities right now.

But according to the famously contrarian Rogers, investors shouldn't rule out a comeback for the depressed sector...