Despite the higher oil prices, raw materials are not expensive

Oil prices reached a three-year high. However, despite the upward appreciation of "black gold", investors should keep in mind that raw materials are still relatively cheap.
Looking at the better diversified index The Bloomberg DJ-UBS index, which tracks raw materials, which shows that raw materials such as agricultural, industrial metals, meat and possibly even natural gas, may still have good prospects.
The index reached its peak at 140 levels in 2014 and bottom in 2016 at a level of nearly 72. It is currently traded at levels of around 87.
And although it is unlikely to be expected to return to its highest levels historically, it would be reasonable to expect further increases in the levels of this index.