07.02.2013 - World Bank issues commodities outlook
The World Bank has just released its latest Commodity Market Outlook and the short version of the report is that commodity prices should “ease marginally” this year. But as the report notes in its first sentence, it was the volatility that hurt in 2012. The good news is that the World Bank sees crude oil prices down 3% to an average of $102 a barrel and food prices down 3% as well. There are risks to these prices, of course, and when one of those risks appears on the horizon, commodity prices go up. When the risk recedes or fails to materialize, the price drops. That’s volatility for you...............................................Full Article: Source
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