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Top commodity index S&P GSCI hikes WTI weight, cuts Brent for 2013

Posted on 06 November 2012

The S&P GSCI index, one of two leading commodity indices for investors, will boost the share of U.S. WTI crude oil futures by 6.25 percentage points next year while cutting European benchmark Brent by 4 percentage points, owner S&P Dow Jones Indices said on Monday.
The changes in crude oil weights, the only significant adjustments in this year’s rebalancing of the 24 components, is a reversal of last year’s trends, when many indices added Brent or boosted its share. But production of Brent-type crudes is diminishing, while U.S. oil output is growing swiftly………………………………………..Full Article: Source


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