Energy prices are expected to average more than one-third higher this year than 2020, with oil averaging $56 a barrel, it said. Prices should rise to $60 a barrel in 2022, "broadly in line with their 2017-19 average."
"Emerging market and developing economies, both commodity exporters and importers, should strengthen their short-term resilience and prepare for the possibility of growth losing momentum."
The blue-chip index ended up 0.8pc, with Anglo American one of the biggest boosts to the index, gaining 3.2pc on plans to spin off its thermal coal assets in South Africa.
Commodity-linked currencies including the Australian dollar , the New Zealand dollar and the Canadian dollar eased slightly against the US dollar, tracking weakness in commodity prices.