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Commodity prices remain high despite global slowdown

Posted on 16 November 2011

D. SubbaraoDespite the turmoil in Europe and the prospect of slowing growth in emerging markets, commodity prices have remained high. The Thomson Reuters/Jefferies CRB Commodity index, although has fallen from the highs it reached earlier this year, is still higher than what it was a year ago.
And despite the slowdown in global manufacturing as evident from the Purchasing Managers’ indices of various countries, crude oil prices remain high. For instance, the price of Brent crude is higher than it was at the beginning of the year, or indeed, for some time during June-July……………………………………..Full Article: Source


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