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Commodities Briefing - Categorized | Market Moves, Price Watch more

Commodity boom is its own worst enemy

Posted on 12 October 2010

From WSJ: Commodity prices are on the move again. Will the result be the same as when they soared, back in 2008? For those who don’t remember, commodity prices, but especially oil took off. Crude prices tacked on around $50 between the start of 2008 and their peak in July at over $145 a barrel.
OK, so this time oil prices are being relatively well behaved, only gaining around $10 a barrel to some $85 over the past couple of months. But the real momentum right now is in food prices……………………………………….Full Article: Source

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This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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