High Quality Content by WIKIPEDIA articles! The 2000s commodities boom is the rise in many physical commodity prices (such as those of food stuffs, metals, chemicals, fuels and the like) which occurred during the decade of the 2000s (2000–2009), following the Great Commodities Depression of the 1980s and 1990s. The boom is largely due to the rising demand from emerging markets such as the BRIC countries and the former Yugoslavia, as well as the result of concerns over long-term supply availability. There was a sharp down-turn in prices during 2008 and early 2009 as a result of the credit crunch and sovereign debt crisis, but prices began to rise as demand recovered from late 2009 to mid 2010. Oil began to slip downwards after mid 2010, but peaked at $101.80 on January 30 and 31, 2011, as then Egyptian political crisis and rioting broke out, leading to concerns over both the safe use of the Suez Canal and over all security in Arabia itself. On March 3, Libya`s National Oil Corp said that output had halved due to the departure of foreign workers. As this happened, Brent Crude surged to a new high of above $116.00 a barrel as supply disruptions and potential for more unrest in the Middle East and North Africa continued to worry investors. Prices were thus rising into the 2010s.