18.11.2008 - Commodities face pressure for 18 months

From Bloomberg: Commodities will be under pressure for as long as 18 months, with UBS AG predicting lower prices next year for all bar four of the 28 raw materials it forecasts following a collapse in credit for industry. Commodities are headed for their worst annual drop in more than a quarter-century. The U.S., the world's biggest consumer of oil, has fallen into a recession, followed by the U.K., Japan, Germany and the 15 European nations that use the euro..... Full Article: Source

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