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Commodities head for longest slump in seven months

Posted on 06 November 2013

Commodities capped the longest slump in seven months, paced by energy and agriculture, on signs of ample supplies of crude oil and grains amid increasing speculation that the Federal Reserve will scale back stimulus.
The Standard & Poor’s GSCI Spot Index of 24 raw materials declined 0.6 percent to settle at 606.77 at 3:42 p.m. New York time, the sixth straight decline and the longest skid since April 5. Earlier, the measure touched an 18-week low at 606.39. West Texas Intermediate crude was the cheapest in four months, and corn extended a slide to the lowest since August 2010………………………………………..Full Article: Source


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