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Commodity prices bottoming out, recovery due, Barclays says

Posted on 06 March 2009

From Bloomberg: Commodity prices, including oil, have started to bottom out and are likely to rise in the second quarter, supported by signs China’s economic stimulus plan has taken effect, investment bank Barclays Capital forecast today.

The bank predicts the price of a barrel of oil will rise to $50 in the second quarter and to $76 by the fourth, Justin Hyde, director overseeing commodities sales in Asia, said in Hong Kong. He recommends investing in commodity markets at current prices. …. Full Article: Source


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