27.04.2016 - World Bank sees US$41 oil this year, but cuts outlook for other commodities
The World Bank is raising its 2016 forecast for crude oil prices to US$41 per barrel, up from the US$37 per barrel forecast at the start of this year, in view of "improving market sentiment and a weakening dollar". This forecast of firming energy prices, made in the World Bank's latest edition of its Commodity Markets Outlook, is thus positive for producing countries in Asia and elsewhere, and also for central banks struggling to reverse persistent deflationary trends in their economies. The bank's outlook for other commodities, however, is less bright...............................................Full Article: Source
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