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Bleak forecast for oil, metals and minerals

Posted on 06 November 2008

From FT: Commodity markets face an impending “hetacomb” of sharply lower demand, according to the Swiss bank UBS, which yesterday issued one of the most pessimistic short-term forecasts among the investment community for the energy, minerals and metals markets.

“Hecatomb is defined as a large-scale slaughter,” said Daniel Brebner, a UBS analyst in London. “Given the rout in commodity markets, this word is, unfortunately, appropriate in characterising the current and likely near-term environment for commodities markets.”…. Full Article: Source


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