Commodity Markets Outlook, April 2018

Commodity prices strengthened in the first quarter of 2018. Broad-based price increases were supported by both demand and supply factors. Accelerating global growth lifted demand for commodities, while a number of commodities faced supply constraints. For oil and precious metals, concerns about moun...

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Main Author:	World Bank Group
Format:	Serial
Published:	World Bank, Washington, DC 2018
Subjects:	COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE METALS PRECIOUS METALS MINERALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES
Online Access:	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/394431618817638734/commodity-markets-outlook-april-2018-oil-exporters-policies-and-challenges http://hdl.handle.net/10986/29721

id	okr-10986-29721
recordtype	oai_dc
spelling	okr-10986-297212021-05-25T09:14:07Z Commodity Markets Outlook, April 2018 World Bank Group COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE METALS PRECIOUS METALS MINERALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES Commodity prices strengthened in the first quarter of 2018. Broad-based price increases were supported by both demand and supply factors. Accelerating global growth lifted demand for commodities, while a number of commodities faced supply constraints. For oil and precious metals, concerns about mounting geopolitical risk also supported prices. Crude oil prices are expected to average $65 per barrel (bbl) in 2018 (up from $53/bbl in 2017) and remain at $65/bbl in 2019—an upward revision from the October 2017 forecast. Metals prices are expected to increase 9 percent in 2018 and, following three years of relative stability, agricultural prices are expected to gain 2 percent in 2018. Looking ahead, policy actions currently under discussion, such as additional tariffs, production cuts, and sanctions, present risks to the short-term outlook. This edition also analyzes the policies of oil exporting economies in response to the 2014 oil price collapse. It concludes that oil exporters with flexible currency regimes, larger fiscal buffers, and more diversified economies fared better than others. The experience of the past four years is a reminder of the urgent need for greater economic diversification and stronger monetary and fiscal policy frameworks in oil exporters. 2018-04-24T16:09:36Z 2018-04-24T16:09:36Z 2018-04-24 Serial https://documents.worldbank.org/en/publication/documents-reports/documentdetail/394431618817638734/commodity-markets-outlook-april-2018-oil-exporters-policies-and-challenges http://hdl.handle.net/10986/29721 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE METALS PRECIOUS METALS MINERALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES
spellingShingle	COMMODITY PRICES ECONOMIC OUTLOOK ENERGY AGRICULTURE METALS PRECIOUS METALS MINERALS PRICE SERIES PRICE FORECASTS PRICE INDICES OIL PRICES FOOD PRICES World Bank Group Commodity Markets Outlook, April 2018
description	Commodity prices strengthened in the first quarter of 2018. Broad-based price increases were supported by both demand and supply factors. Accelerating global growth lifted demand for commodities, while a number of commodities faced supply constraints. For oil and precious metals, concerns about mounting geopolitical risk also supported prices. Crude oil prices are expected to average $65 per barrel (bbl) in 2018 (up from $53/bbl in 2017) and remain at $65/bbl in 2019—an upward revision from the October 2017 forecast. Metals prices are expected to increase 9 percent in 2018 and, following three years of relative stability, agricultural prices are expected to gain 2 percent in 2018. Looking ahead, policy actions currently under discussion, such as additional tariffs, production cuts, and sanctions, present risks to the short-term outlook. This edition also analyzes the policies of oil exporting economies in response to the 2014 oil price collapse. It concludes that oil exporters with flexible currency regimes, larger fiscal buffers, and more diversified economies fared better than others. The experience of the past four years is a reminder of the urgent need for greater economic diversification and stronger monetary and fiscal policy frameworks in oil exporters.
format	Serial
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Commodity Markets Outlook, April 2018
title_short	Commodity Markets Outlook, April 2018
title_full	Commodity Markets Outlook, April 2018
title_fullStr	Commodity Markets Outlook, April 2018
title_full_unstemmed	Commodity Markets Outlook, April 2018
title_sort	commodity markets outlook, april 2018
publisher	World Bank, Washington, DC
publishDate	2018
url	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/394431618817638734/commodity-markets-outlook-april-2018-oil-exporters-policies-and-challenges http://hdl.handle.net/10986/29721
_version_	1764470149214109696

Commodity Markets Outlook, April 2018

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