Commodity Markets Outlook, April 2017

Prices for most industrial commodities strengthened further in the first quarter (q/q), while global agricultural prices remained broadly stable. Crude oil prices are forecast to rise to an average of $55 per barrel (bbl) in 2017 from $43/bbl in 2016. The oil forecast is unchanged since October 2016...

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Main Author:	World Bank Group
Format:	Serial
Language:	en_US
Published:	World Bank, Washington, DC 2017
Subjects:	COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE FERTILIZERS METALS MINERALS PRECIOUS METALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES
Online Access:	http://hdl.handle.net/10986/26457

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recordtype	oai_dc
spelling	okr-10986-264572017-12-13T09:08:06Z Commodity Markets Outlook, April 2017 World Bank Group COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE FERTILIZERS METALS MINERALS PRECIOUS METALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES Prices for most industrial commodities strengthened further in the first quarter (q/q), while global agricultural prices remained broadly stable. Crude oil prices are forecast to rise to an average of $55 per barrel (bbl) in 2017 from $43/bbl in 2016. The oil forecast is unchanged since October 2016 and reflects balancing forces: upward pressure on prices from production cuts agreed by Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producing countries, and downward pressure from persistently high stocks, supported by the faster-than-expected rebound of the U.S. shale oil industry. Metals prices are projected to increase 16 percent as a result of strong demand in China and various supply constraints, including labor strikes and contractual disputes in the case of copper, and environmental and export policies for nickel. Agricultural commodity prices, which gained 1 percent in the first quarter, are anticipated to remain broadly stable in 2017, with moderate increases in oils and meals and raw materials offset by declines in grains and beverages. 2017-04-26T15:42:46Z 2017-04-26T15:42:46Z 2017-04-26 Serial http://hdl.handle.net/10986/26457 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE FERTILIZERS METALS MINERALS PRECIOUS METALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES
spellingShingle	COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE FERTILIZERS METALS MINERALS PRECIOUS METALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES World Bank Group Commodity Markets Outlook, April 2017
description	Prices for most industrial commodities strengthened further in the first quarter (q/q), while global agricultural prices remained broadly stable. Crude oil prices are forecast to rise to an average of $55 per barrel (bbl) in 2017 from $43/bbl in 2016. The oil forecast is unchanged since October 2016 and reflects balancing forces: upward pressure on prices from production cuts agreed by Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producing countries, and downward pressure from persistently high stocks, supported by the faster-than-expected rebound of the U.S. shale oil industry. Metals prices are projected to increase 16 percent as a result of strong demand in China and various supply constraints, including labor strikes and contractual disputes in the case of copper, and environmental and export policies for nickel. Agricultural commodity prices, which gained 1 percent in the first quarter, are anticipated to remain broadly stable in 2017, with moderate increases in oils and meals and raw materials offset by declines in grains and beverages.
format	Serial
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Commodity Markets Outlook, April 2017
title_short	Commodity Markets Outlook, April 2017
title_full	Commodity Markets Outlook, April 2017
title_fullStr	Commodity Markets Outlook, April 2017
title_full_unstemmed	Commodity Markets Outlook, April 2017
title_sort	commodity markets outlook, april 2017
publisher	World Bank, Washington, DC
publishDate	2017
url	http://hdl.handle.net/10986/26457
_version_	1764462035377061888

Commodity Markets Outlook, April 2017

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