Global Economic Prospects : Commodity Markets Outlook, October 2014
Commodity prices are expected to remain weak for the remainder of 2014 and, perhaps through much of 2015. Crude oil has seen one of the sharpest declines, down more than 20 percent to $83/barrel (bbl) on October 15 from this year’s high of $108/bbl in mid-June. Agricultural prices have weakened as well, down 6 percent since June. Metal prices remained relatively stable, from the sharp declines seen in 2011. A slowdown in the Euro area and emerging economies, a strong US dollar, increased oil supplies, and good crop prospects for most agricultural commodities have contributed to the recent gyrations in markets.
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| Main Author: | |
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| Format: | Working Paper biblioteca |
| Language: | en_US |
| Published: |
World Bank Group, Washington, DC
2014-10
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| Subjects: | AGRICULTURAL COMMODITIES, agricultural prices, aluminum prices, cocoa prices, coffee prices, commodity markets, commodity prices, copper prices, cotton prices, crude oil price, demand growth, energy prices, food prices, fuel prices, gold prices, natural gas prices, oil markets, oil prices, price forecasts, price indexes, price indices, rice prices, spot price, world prices, forecasts, |
| Online Access: | http://hdl.handle.net/10986/20455 |
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| Summary: | Commodity prices are expected to remain weak for the
remainder of 2014 and, perhaps through much of 2015.
Crude oil has seen one of the sharpest declines, down
more than 20 percent to $83/barrel (bbl) on October 15
from this year’s high of $108/bbl in mid-June. Agricultural
prices have weakened as well, down 6 percent since
June. Metal prices remained relatively stable, from the
sharp declines seen in 2011. A slowdown in the Euro
area and emerging economies, a strong US dollar, increased
oil supplies, and good crop prospects for most
agricultural commodities have contributed to the recent
gyrations in markets. |
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