Commodities news

Commodities markets summary
Commodities news from around the world
Consumers saving $14 per week on fuel
Plummeting oil prices may be worrying global financial markets but they're helping Aussie consumers save $14 a week at the petrol pump.
Oil prices to continue falling: World Bank
Just three months ago the World Bank predicted oil prices would hit $51 a barrel; now it says it expects the median oil price in 2016 will be $US37.
Commodity prices fall to 9.5 year low
After a 1.1 per cent fall in October, the RBA's foreign currency commodity price index is at its lowest level since March 2006.
WA's financial health hit by commodities
Western Australia's financial health has taken a turn for the worse as the resources state suffers from a multi-billion dollar revenue hit.
ANZ downgrades iron ore and coal prices
ANZ has downgraded its price forecasts for iron ore and coking coal for the next two years as it lowers Chinese growth predictions amid weak steel demand
NZ commodity prices fall for fifth month
The ANZ Commodity Price Index is 23.5 per cent below year earlier levels after five months of declines.
Commodity prices fall further in August
Commodity prices were down 3.1 per cent in August, and 20.9 per cent in annual terms, weighed down by weaker iron ore and oil prices.
Global oil demand growth to increase
OPEC predicts that the growth in global oil demand will continue into 2016 as the world economy picks up but oil output will also continue to increase.
Oil prices little changed
Oil prices barely moved as the International Energy Agency forecast slower growth for global demand next year.