Title: World Bank Revises Down Forecasts for Oil Prices, Other Key Commodities in 2015 and 2016
Headings: World Bank Revises Down Forecasts for Oil Prices, Other Key Commodities in 2015 and 2016
World Bank Revises Down Forecasts for Oil Prices, Other Key Commodities in 2015 and 2016
Impact of El Niño on commodity markets
Possible effects of the Iran Nuclear Agreement on global energy markets.

Content: Slowing demand and high stocks could further weigh on oil prices. Upside risks include: an accelerating decline in U.S. shale oil output, and reduced supply because of geopolitical events. The Outlook provides detailed market analysis for major commodities groups, including energy, metals, agriculture, precious metals, and fertilizers. According to the report: Metals prices fell 12 percent in Q3, the fourth consecutive quarterly decline, reflecting slowing demand, notably from China. The World Bank projects metals prices to fall by 16 percent in 2015. Precious metals prices fell 7 percent in Q3 and are likely to slide another 8 percent in 2015 on lower investment demand. Agricultural commodity prices fell by more than 2 percent in the quarter and are likely to fall by 13 percent in 2015, reflecting abundant supplies and high levels of existing grain stocks. Fertilizer prices fell 1 percent in Q3, and may decline by 1 percent in 2015, because of weak demand, and rising supply.