Discouraging outlook for commodities this year confirms World Bank

Thursday, July 23rd 2015 - 08:58 UTC

Full article 4 comments

The outlook for commodities remains grim for this year, except that oil will fall a bit less than previously forecast, the World Bank said. Average prices for fuels such as crude, natural gas and coal will tumble 39% from 2014, while those for materials like metals and fertilisers will fall about 12%, the Washington-based lender said in its quarterly “Commodity Markets Outlook” released Wednesday. Read full article

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ChrisR
Crude could be U$D ZERO cost and the prices at the pumps in Uruguay would still be as high as they are now.

The Broad Fraud need to pay their members after all.
Jul 23rd, 2015 - 06:16 pm - Link - Report abuse 0
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cornelius
The answer is social assistance Chris just left Montevideo I talk to young people I will like to inform that there is hope for Uruguay I was also in the dark country and I talk to young people and there is no hope for them!
Jul 23rd, 2015 - 06:23 pm - Link - Report abuse 0
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Briton
Wait until all that Iranian oil reaches the markets.
Jul 23rd, 2015 - 07:59 pm - Link - Report abuse 0
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yankeeboy
Pretty sure all the profit has been wiped out of Soy for Brazil and Argentina. I wonder what will happen next year.....
Jul 24th, 2015 - 11:44 am - Link - Report abuse 0
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