03.05.2011 - ECB: Commodity prices likely to rise further over medium term
Leading indicators are signaling rising commodity prices over the medium term, the European Central Bank said in its annual report published Monday. Medium-term prospects for commodity prices are likely linked to the international outlook for economic activity, the central bank remarked. "As the global recovery takes hold, the supply and demand balance in the oil market may tighten and non-oil commodity prices may face upward pressures," the report observed..............................................Full Article: Source
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