Oversupply Could Mute Effects of Wider Middle-East Conflict on Oil Prices © 2024 The World Bank, This page in:English Español Français العربية Русский 中文

WASHINGTON, October 29, 2024—Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that is so large that it is likely to limit the price effects even of a wider conflict in the Middle East, according to the World Bank’s latest Commodity Markets Outlook. Even so, overall commodity prices will remain 30% higher than they were in the five years before the COVID-19 pandemic. https://www.worldbank.org/en/news/press-release/2024/10/29/commodity-markets-outlook-october-2024-press-release © 2024 The World Bank,