07.10.2011 - Commodities havenít really fallen that far
One of the main narratives of the current global economic slowdown centres around how far commodity prices have fallen. U.S. crude was up around $110 (U.S.) per barrel, but is now back to $80. Copper was up to $4.60 per pound in February, and fell to $3.10 this month. No doubt, the declines are sharp. Thatís about a 28 per cent decline for oil, and around a 33 per cent drop for copper. But while those numbers sounds staggering on their own, they actually arenít that shocking when put in a larger context..............................................Full Article: Source
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