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Typo by top commodity index sows oil market confusion

Posted on 07 November 2012

The world’s leading financial index group sowed hours of confusion in global oil markets late on Monday when it accidentally reversed the new crude oil weightings of the top commodity index, the S&P GSCI.
S&P Dow Jones Indices, owned by McGraw Hill unit Standard & Poor’s, said on Tuesday that it had inadvertently mislabeled a table showing how investors should allocate an estimated $80 billion of funds that track the index for 2013. The new weights were listed under a “2012″ heading, while this year’s were listed as new figures for “2013.”……………………………………….Full Article: Source


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