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Credit Suisse cuts commodity 2013, 2014 average price forecasts

Posted on 26 June 2013

Credit Suisse lowered its commodities price forecasts for this year and next saying the commodity complex would likely remain under pressure mostly on depressed global growth and prospects of slower Chinese activity.
The bank reduced its 2013 and 2014 average price forecasts for commodities including oil, precious metals and base metals. Credit Suisse cut its 2013 Brent crude price forecast to $108 per barrel from $112, and reduced its West Texas Intermediate (WTI) crude price outlook to $97 per barrel from $98………………………………………..Full Article: Source


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