| From Investorschronicle.co.uk: The dramatic fall in commodities prices in the second half of 2008, exacerbated by rapid economic contraction, has raised serious doubts about the 'supercycle' theory in global commodities, producing little cheer in forecasts for 2009.
Oil, having fallen from $147 a barrel to less than $40 a barrel, is not expected to recover in the short term, at least until some impact from the Opec production cuts begins to be felt. Analysts at Goldman Sachs, which at one point this year predicted oil would hit $200 a barrel, have revised their forecasts for 2009 sharply downwards, predicting an average of $45 a barrel for the year ahead...... Full Article: Source
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