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Commodities Briefing - Categorized | Commodity Crisis, Market Moves, Market Pulse more

Commodities, led by energy, drop most since October on economy

Posted on 03 March 2009

From Bloomberg: Commodities plunged the most since October, led by energy and agricultural futures, on heightened concerns that the global economy may not recover this year and demand for raw materials will decline further.

The Reuters/Jefferies CRB Index of 19 raw commodities dropped 5.3 percent, the most since Oct. 10, closing at the lowest level since June 2002. The gauge is down 13 percent this year. Crude oil plunged 10 percent, heating oil fell 9.1 percent and sugar lost 7.1 percent. …. Full Article: Source


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