World Bank sees 7% drop in global commodity prices as oil glut expands

Tribuneonlineng | 30-10-2025 06:46pm |

•Oil oversupply, weak growth to drive price decline •Says fertilizer costs to rise 21% •Warns Nigeria to brace for fiscal shifts Global commodity prices are forecast to fall by seven per cent in both 2025 and 2026, reaching their lowest level in six years as a widening oil glut and sluggish global growth continue to

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