Expectations of a decline in oil prices, grain and gold
Expectations of a decline in oil prices, grain and gold
19-10-2014 01:42 PM
Free –
World Bank predicted that the fall in prices of most commodities, especially oil, corn, wheat and gold during the remaining period of the current and next two years. The World Bank said in its latest report on the outlook for the commodity markets, the growing concern of a slowdown in the euro zone and the emerging economies, and the rise of the dollar, and the oil market, where the abundance of supply, and good prospects for crops contributed to the decline in the prices of many commodities prices since the summer.
He pointed to the decline of the World Bank for energy prices by about 6 percent during the third quarter, after having settled on a more broadly in the first half of the year. said Ayhan Kose, director of the Development Prospects Group at the World Bank, “the increase on a large scale in the supply of goods to coincide with weakness in global growth, especially in emerging economies, where he spoke most of the increase on demand. ” and for the poor in urban areas, dropped international food prices from record highs, the last in 2012, it is expected that this trend will continue through 2015. and the World Bank predicted to fall Corn prices increased by 27 percent, from $ 260 per ton in 2013 to $ 190 per ton in 2014, and that prices will fall rice and wheat by 16 and 9 percent respectively. and oil prices began to decline in mid-June, reflecting the abundance in the supply of oil and weak demand, although political tensions continued. , and the World Bank said the recent drop in oil prices to below $ 90 a barrel earlier this month, will reduce the average price per barrel to 102 two dollars for this year, and is likely to continue to decline in oil prices during most of 2015 . the World Bank predicted that the decline metals prices by 5.5 percent in 2014, similar to a similar contraction in the last year, led by sharp declines in the prices of copper and iron ore. expected occurrence of a similar decline in precious metal prices where they become less attractive and “safe haven” investment, while the decline in demand for the precious metal by China will also contribute to the weakness. The report pointed out that the World Bank index of industrial metals on the way to rise slightly in 2015, adding that gold will continue to moderation.
ahraraliraq.com
