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Commodities Briefing - Categorized | Oil, Price Watch, Trends more

Oil plunge hints at end of commodities boom

Posted on 06 May 2011

The price of oil tumbled by nearly $10 a barrel– dragging silver, gold, copper, lead and tin with it – as mounting concerns about the US economy fuelled speculation that the commodities boom may be ending.

As traders questioned whether the £36bn flotation of commodity trading giant Glencore marked the top of the market, most of the world’s key resources suffered another day of substantial declines……………………………………….Full Article: Source


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