According to Kevin Norrish of Barclays Capital, the rapid price crash of 2008, when prices fell as far as during the Depression (but over five months rather than five years), was an overreaction.

巴克莱资本的凯文·诺里什指出，2008年的价格暴跌—价格下跌同大萧条期间相似(但是这次仅用了5个多月的时间而不是5年)—是一种反应过度。

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But there is still weakness in non-OPEC supply: oil prices could yet rebound in the second half of the year, reckons Mr Norrish.

ECONOMIST: Making sense of the fall in commodity prices

According to Kevin Norrish of Barclays Capital, the rapid price crash of 2008, when prices fell as far as during the Depression (but over five months rather than five years), was an overreaction.

ECONOMIST: The charge-sheet against commodity speculators is flimsy

Kevin Norrish of Barclays says that short positions in copper (ie, those betting on a price fall) are their highest in two years, a sign that hedge funds may be expecting a global downturn.

ECONOMIST: Making sense of the fall in commodity prices