| From Fundstrategy.co.uk: The prices of “hard” commodities will fall by an average of 41% in 2009, the Economist Intelligence Unit (EIU) forecasts. In its World Commodity Forecast, the EIU says that the low oil price will continue, predicting an average price of just $35 a barrel this year.
Its crude oil price index, a weighted average of the key benchmark prices, is projected to fall by 64% this year because of collapsing demand. However, it predicts a “limited rebound” in commodity prices in 2010 as investors start to regain some long-term optimism and stocks stand at low levels. Oil will average $50 a barrel in 2010, the EIU predicts..... Full Article: Source
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