Daily FNArena News - Commodities

Non-OPEC production issues are the driving reason behind Scotiabank revising its oil price forecasts to US$125 per barrel this year and US$135-$140 per barrel in 2009.

The Great Debate – is it speculation, or is it simply supply/demand?

Steel industry consultant MEPS has revised up its steel price forecasts but mid-year may prove to be the peak if the global economy slows further.

Ux Consulting has lowered its weekly spot price to US$63/lb, US$2 below where fellow industry consultant TradeTech left it at its last sector update.

TradeTech reports sellers are less eager to lower prices in the spot uranium market with buyers ready to conclude deals. Is this the bottom of the price correction?

Oil prices have surprised many on the upside this year so CBA commodity strategist David Moore has identified some signposts investors can use to help determine where prices may go.

Copper producers are making 75% margins in Chile. Chilean mineworkers can’t afford food. What do you think might come next?

Industry consultant MEPS suggests stainless steel prices are likely to continue rising, driven largely by higher input costs.

With oil at US$117/bbl it’s now a game of catch-up for oil price forecasts and stock valuations.

There are several reasons to fear a gold pullback, although not all brokers are convinced.