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World Bank sees upward commodity trend

Posted on 29 July 2016

The World Bank has revised upwards its forecast for many commodity prices in the second half of 2016. Some, it says, might end the year with a lower average price than in 2015 but on the whole, prices have already seen a bottom. It has a positive outlook for energy, non-energy, crude oil and gold; that for fertiliser and metal & minerals is still negative.
Its Commodity Markets outlook for July, a quarterly publication, shows most commodity price indices rebounded in the year’s second quarter (Q2) from January lows, on improved market sentiment and tapering supply………………………………………..Full Article: Source


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