KUALA LUMPUR, Oct 28 (Bernama) -- Commodity prices are set to rise 23 per cent in 2026 as global shocks mount with the West Asia conflict having drawn down oil inventories and is set to push energy prices to a four-year high, according to the World Bank Group’s latest Commodity Markets Outlook released today.
Business : Commodity Prices To Rise 23 Pct This Year, Further Supply Shocks Expected As Oil Stocks Depleted - World Bank
World Bank, commodity, Brent, Middle East, disrupt
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Key takeaways
Commodity prices are expected to rise 23% in 2026, driven by supply shocks and depleted oil stocks, according to the World Bank.
- Global oil supply is projected to fall by 5.2% in 2026, the largest drop in over four decades.
- Energy prices are forecast to rise 32% in 2026, reversing three years of declines.
- Brent crude is expected to average $91 per barrel in 2026, up from $69 in 2025.
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