CRUDE SHOCK
Tema(s): En: Financial Times 11 dic. 1998, p. 14Resumen: Oil is selling for less than US10 a barrel, metals prices are depressed and now the benchmark commodities futures index has dropped to its lowest level for more than 20 years. In one sense this is nothing new. The trend in commodity prices has been relentlessly downwards - look through the cycles and each floor is lower than the previous one. Current price levels are creating huge hangovers for Latin American and Middle Eastern economies that rely on oil. Eventually, the cycle should prove self-correcting: loss-making producers will not build the new capacity needed to satisfy recovering demand. But there is much pain to face first.| Tipo de ítem | Biblioteca actual | Signatura topográfica | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
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Analítica de Seriada
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BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-017523 (Navegar estantería(Abre debajo)) | Financial Times. 11 dic. 1998, p. 14 | Disponible |
Oil is selling for less than US10 a barrel, metals prices are depressed and now the benchmark commodities futures index has dropped to its lowest level for more than 20 years. In one sense this is nothing new. The trend in commodity prices has been relentlessly downwards - look through the cycles and each floor is lower than the previous one. Current price levels are creating huge hangovers for Latin American and Middle Eastern economies that rely on oil. Eventually, the cycle should prove self-correcting: loss-making producers will not build the new capacity needed to satisfy recovering demand. But there is much pain to face first.
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