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Commodities may fall further before rebound- ANZ

Posted on 27 November 2008

From Bloomberg: Commodity prices may fall a further 10 percent to 15 percent before nearing the end of their decline next year as a faltering world economy stifles demand for raw materials, Australia & New Zealand Banking Group forecast.

Crude oil is the “most vulnerable” and may fall as low as “late $40s” a barrel, Geoff Clear, executive director and head of commodities, said today. Copper may “disappoint” despite tight supply, while zinc and lead may fare better, he said….. Full Article: Source&sid=aUYRVoa15Yao&refer=commodities


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