World Bank Forecasts Industrial Commodities Prices to Surge in 2017

The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017, due to tightening supply and strengthening demand.  In its January 2017 Commodity Markets Outlook, the World Bank is holding steady its crude oil price forecast for the year at $US55 per barrel, a 29% jump from 2016. The energy price forecast assumes members of the Organisation of the Petroleum Exporting Countries (OPEC) and other oil producers will partially comply with an agreement to

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