Danske Research analysts predict that commodity prices will suffer further in the near-term amid the downbeat macroeconomic news flow, unwinding of long-speculative positions and dollar strength. However, they stress that demand for raw materials will most likely see a comeback towards the end of the year as headwinds start to fade and the dollar starts to suffer from "structural factors." That said, the analysts expect commodity prices to rise some 2.5% year-over-year in 2012 "with copper still set to be the front runner ... whereas limited upside is seen for wheat and zinc." Danske analyst have kept their Brent crude forecasts unchanged and still see the global oil market tightening next year, as emerging markets demand "looks set to be healthy and to notably outpace production." The analysts forecast that Brent oil will average at $114 in 2012, but have lowered their base metals projections -- while maintain that copper could still hit $10,000 during the course of next year. They also see some limited upside for grains prices. "Consumers should consider hedging 2012 exposure at current price levels," note the analysts. Oil and gas stocks were trading in the red. Triangle Petroleum ( TPLM) was tumbling 3.9% to $3.45; EOG Resources ( EOG) was losing 3.5% to $68.50; Apache ( APA) was falling 3.3% to $77.56; Anadarko Petroleum ( APC) was surrendering 2.4% to $61.57; Marathon Oil ( MRO) was behind by 3.1% to $20.92; Chevron ( CVX) was falling 1.7% to $90.98; and BP ( BP) was lower by 1.4% to $35.58. -- Written by Andrea Tse in New York. >To contact the writer of this article, click here: Andrea Tse.