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Commodity prices to drop through 2026 amid stabilising supply and demand shifts: World Bank Group
The World Bank projects a decline in global commodity prices by 2025-26, driven by lower oil prices. Oil prices are anticipated to average USD 80 per barrel in 2024, then drop to USD 73 in 2025 and USD 72 in 2026. Metals and agriculture commodities outlook remains stable with minor adjustments.
The World Bank projects a decline in global commodity prices by 2025-26, driven by lower oil prices. Oil prices are anticipated to average USD 80 per barrel in 2024, then drop to USD 73 in 2025 and USD 72 in 2026. Metals and agriculture commodities outlook remains stable with minor adjustments.
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