Global Economic Prospects 2015

The global economy is still struggling to gain momentum. Read more ...

Development Prospects

Providing information, analysis, and advice on global trends in the world economy.  Find out more ...

Global Economic Monitor

Now free. Daily and monthly updates on global economic developments and relevant topical issues. Find out more ...

Syndicate content


Global Daily:Oil prices fall below $30

Global Macroeconomics Team's picture

Financial Markets

Oil prices fell below $30 a barrel on Friday amid continued turmoil in Chinese markets and concerns over Iranian oil exports, with the lifting of international sanctions possible within days. Brent crude, the global benchmark, slid 3.6 percent to $29.76 a barrel in London, while West Texas Intermediate (WTI), the U.S. benchmark dropped 5 percent to $29.64 a barrel in New York. Brent and WTI prices were on track to close lower for a third straight week, down nearly 20 percent since the beginning of the year.

World Bank published latest commodity prices: January 2015

John Baffes's picture
In December 2015, energy prices slumped by 13.2%, and the prices of non-energy commodities dropped by 1.2%. Food prices slipped by 0.7%. Beverages declined by 0.5%. Raw materials dropped slightly by 0.6%, and fertilizers declined by 2.8%. Metals and minerals decreased by 2.5%, and precious metals fell by 1.8%.
To access recent and long-term historical prices and other commodity-related information, please click here.