{"id":13704,"date":"2011-04-12T06:42:02","date_gmt":"2011-04-12T04:42:02","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/13704\/commodities-slump-as-imf-downgrades-growth-forecasts\/"},"modified":"2011-04-12T06:42:02","modified_gmt":"2011-04-12T04:42:02","slug":"commodities-slump-as-imf-downgrades-growth-forecasts","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/13704\/commodities-slump-as-imf-downgrades-growth-forecasts\/","title":{"rendered":"Commodities Slump as IMF Downgrades Growth Forecasts"},"content":{"rendered":"

Commodities tumbled after rallying earlier in the day as the IMF revised down its growth forecasts for the US, Japan and the UK. The main reason for the downgrade was surging oil prices and rising inflation in emerging markets. Growth outlook for the world as a whole was kept unchanged, though. Crude oil prices initially extended gains to new highs in more than 2 years but then reversed with the front-month WTI and Brent contracts plummeting -2.54% and -2.11%, respectively. Precious metals also slumped as driven by slides in oil and strength in the US dollar. Possibility of reaching a resolution in Libya also triggered profit-taking.<\/p>\n

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\nCommodities Slump as IMF Downgrades Growth Forecasts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Commodities tumbled after rallying earlier in the day as the IMF revised down its growth forecasts for the US, Japan and the UK. The main reason for the downgrade was surging oil prices and rising inflation in emerging markets. Growth outlook for the world as a whole was kept unchanged, though. Crude oil prices initially extended gains to new highs in more than 2 years but then reversed with the front-month WTI and Brent contracts plummeting -2.54% and -2.11%, respectively. Precious metals also slumped as driven by slides in oil and strength in the US dollar. Possibility of reaching a resolution in Libya also triggered profit-taking. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13704","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=13704"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13704\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=13704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=13704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=13704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}