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Commodities Briefing - Categorized | Commodities Exchanges, Commodity Crisis, Index, Market Moves more

Commodity index falls to 4-year low on global recession concern

Posted on 23 October 2008

From Bloomberg: Commodity prices tumbled to a four- year low, led by declines in oil, copper and grains, on increased speculation a global economic slowdown will reduce demand for raw materials.

The Reuters/Jefferies CRB Index of 19 raw materials plunged as much as 3.3 percent to 269.48, the lowest since Sept. 8, 2004. Before today, the gauge had lost 41 percent since reaching a record in July as the credit crunch choked worldwide growth….. Full Article: Source


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