Oil at $175 a barrel; copper at $12,000 a tonne and corn at $10 a bushel. As commodity prices rally, the world’s largest trading houses have been busy ‘stress testing’ to be sure their finances can withstand a “super spike”.

The levels are not a forecast – indeed, executives tell me they do not expect such hefty prices – but do signal a “worse case scenario” for which oil, metals and food commodities traders need to prepare.

I sincerely hope not--read it all.

Filed under: * Economics, Politics • Economy • Energy, Natural Resources • * International News & Commentary • Africa • Libya • Middle East

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