Covid-19’s Effect on Commodities

Paper details:
A report on current affairs linking the class materials to real-world events. While writing the article, if you are in favor of/against some policy support your argument with economic logic and evidence. At the same time, do some research and try to find out what people with different views than yours have to say. While writing the article include those opposite/alternative views as well and using economics/logic state why don’t you buy those arguments.

This is the source I need this paper based off of:

https://www.worldbank.org/en/news/press-release/2020/10/22/impact-of-covid-19-on-commodity-markets-heaviest-on-energy-prices-lower-oil-demand-likely-to-persist-beyond-2021

Here is my Abstract on the Topic:

Abstract: Covid-19’s Effect on Commodities

Covid-19’s effect on the commodities industry has been unprecedented, and still at the mercy of the pandemic. Oil and metal prices are not expected to rise until travel continues or government intervention. Covid’s shock to the commodities industry has led to changes in fiscal policy and stimulus packages from the U.S. Government. With a lower demand for oil, oil and metal prices are not expected to return to pre-pandemic prices until after 2021- the energy sector being affected more than others. Agriculture prices, however, have, and are expected to remain, fairly stable following the food shortage brought on by Covid-19. Agriculture prices are expected to rise this year, after a three percent rise in prices in the year 2020. Covid-19 has rocked the commodities industry, leading to extraordinary changes in fiscal policy, prices, and the overall market.

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