Our Commodities Overview Chart Pack has been updated with the latest data and our analysis of recent developments.
We think the big declines in energy prices are now behind us. Oil prices will remain supported by geopolitical risk and a revival in demand later this year. However, we expect further falls in the prices of European natural gas and Asia LNG as supply picks up. Meanwhile, China’s government has unveiled both fiscal and monetary policy support, mostly directed towards boosting infrastructure spending and restoring confidence in the property sector, which should bolster demand for industrial metals this year. What’s more, looser monetary policy in most developed economies later in the year should provide a further fillip to commodity demand later in the year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services