HOT WIRE: Commodity Price Outlook
Commodity Price Outlook
During the past three months expectations for steel, natural gas, and oil prices have been adjusted. Despite recent upward movement in the trends for these commodities, prices between now and the first half of 2020 are unlikely to rise above levels seen in the first half of 2019. Industrial activity, as measured by US industrial production, is expected to decline into the first half of 2020. As activity decreases, we will likely see a more price-conscious consumer. Consider renegotiating contracts to try to save on costs as prices generally decline through early 2020.
The outlook for US crude oil futures prices have likewise adjusted downward. Market factors such as the global economic slowdown, which is limiting demand, coupled with growing supply, leads to revised expectations for prices.... [read more]
Also in this Issue
- US Retail Sales Outlook
- Readers' Forum
- ...and more!