News Snapshot:
E-mail Xinhua, October 23, 2020 Adjust font size: While metal and agricultural commodities have recouped their losses from the COVID-19 pandemic and are expected to make modest gains in 2021, energy prices, despite some recovery, are expected to stabilize below pre-pandemic levels next year, the World Bank said Thursday. Oil prices fell dramatically in the early stages of COVID-19 and have only partially regained pre-pandemic price levels, according to the World Bank's semi-annual Commodity Markets Outlook report. Oil prices are expected to average 44 U.S. dollars per barrel in 2021, up from an estimated 41 dollars per barrel in 2020,...
