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Commodities hammered on fears about US economy

Posted on 06 May 2011

Traders have described a “bloodbath” as commodity markets suffered an onslaught of selling overnight on mounting concerns about the US economy and fears of inflated prices triggered the biggest correction in more than two years.

In a slide reminiscent of the steep sell-offs of late 2008, Brent crude oil fell $US8 a barrel, natural gas dropped 5 per cent and the Reuters-Jefferies commodities index lost almost 4 per cent, wiping out more than half its gains so far this year……………………………………….Full Article: Source


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