World Bank’s positive commodities price forecast: Too optimistic?

World Bank’s positive commodities price forecast: Too optimistic?

The World Bank in its April Commodity Markets Outlook released recently is forecasting higher prices for industrial commodities, principally energy and metals, for 2017 and 2018. Analysts at the World’s top bank see crude oil price holding steady at $55 per barrel, increasing to an average of $60 per barrel in 2018. As basis, it…

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