COMMODITIES
The World Bank has increased its 2017 price outlook for both metals and oil in its latest ‘Commodity Markets Outlook’, raising its October forecast for crude oil to $55/bl, from $53/bl in July. It has, however, sustained its forecast for an average oil price of $43/bl in 2016. Energy prices, which include oil, natural gas and coal, are projected to jump almost 25% overall next year, with coal prices expected to average $58/t in 2016, despite a 30% surge in thermal coal prices during third quarter of 2016.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access