Oil prices are projected to average $ 65 a barrel in 2018, up from an average of $ 53 a barrel in 2017, based on strong consumer demand and restraint from oil producers, while prices metals will rise 9 percent this year on demand, the World Bank said.
Energy prices, including oil, natural gas and coal, are expected to rise 20 percent in 2018, 16 percentage points higher than forecast for October, according to the World Bank's April Commodity Markets Review. The metals index is expected to rise as a 9 percent drop in iron ore prices is offset by a rise in all base metal prices, led by nickel, which is forecast to rise 30 percent.
Agricultural commodity prices, including food and raw materials, are forecast to rise more than 2 percent this year, amid declining planting prospects. Weather disruptions are expected to be minimal.
“Accelerating global growth and rising demand are important drivers of higher prices for most commodities and higher commodity prices,” said Shantayanan Devarajan, World Bank Senior Director for Development Economics and Chief Economist at the World Bank. At the same time, the actions of politicians currently under discussion add uncertainty to the prospects.
World Bank Forecasts Rise in Commodity Prices
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Azovpromstal® 18 May 2018 г. 12:07 |
