15.05.2012 - Commodities back to 2010 prices; Citi on oil: ‘All up from here’
Broad-based commodities investing shows the strains of this year’s market more than stocks in some cases. Take the Dow Jones-UBS Commodity Index. It set a fresh low since late 2010 this morning. Then there’s the PowerShares DB Commodity Index Fund (DBC), down 1% recently, which is about 5% from the same fate. Oil, still a ways from 2010 levels, is showing plenty of wear. The Energy Select Sector SPDR Fund (XLE), down 1.4% recently, is back at late 2011 levels around $66...............................................Full Article: Source
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