The price of oil could surge above $200 a barrel, more than doubling from present levels, according to Jim Rogers.
Commodities enthusiasts are investing five years too late, although gold may still be worth buying, according to Fidelity's Anthony Bolton.
Soaring commodity prices could cause stock exchanges to temporarily shut, and even bring down governments as it leads to social unrest, says commodities guru Jim Rogers.
An official report from the US on BP's Gulf of Mexico oil spill in April has described it as 'avoidable'.
BP shares soared 7% to a six-month high on the FTSE 100 yesterday as compensation payouts for its spill in the Gulf of Mexico looked set to be lower than expected.
J.P. Morgan is considering the launch of a global mining fund for resources manager Ian Henderson in the first quarter of next year.
Hedge fund titan David Einhorn expects the price of gold to continue its strong surge as the US authorities retain irregular monetary and fiscal policies.