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Commodities Extend Drop to Lowest Since ’09 as Oil Loss Deepens

Posted on 10 December 2014

Commodities extended their decline to the lowest level in more than five years as crude oil continued to fall after Iraq followed top exporter Saudi Arabia in cutting prices for Asia sales.
The Bloomberg Commodity Index (BCOM) of 22 raw materials dropped as much as 0.2 percent to 110.4571, the lowest since April 2009, and traded at 110.7105 at 2:44 p.m. in Singapore. West Texas Intermediate also fell to the lowest in more than five years………………………………………..Full Article: Source


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