Bearish comment on the outlook for oil and copper prices from Goldman Sachs and price target cuts for mining stocks from Credit Suisse added to the nervous tone on commodities markets on Tuesday.
Goldman, regarded as one of the more bullish on commodities, lowered its Brent crude oil price outlook for 2012 from $130 (U.S.) to $120 per barrel and cut its copper price forecast from $10,790 to $9,200 a tonne.
