28.11.2013 - Rogers commodity index cuts 2014 US crude weighting; adds to natgas
Rogers International Commodity Index (RICI), managed by veteran investor Jim Rogers, will cut its weighting toward crude oil next year and raise exposure to natural gas, gold and silver, due to what Rogers termed "consumption changes". The shift in weightings of the RICI comes amid projections for higher U.S. crude oil supplies in 2014, which some analysts say could further weigh on weakening prices. U.S. natural gas production is also expected to rise next year, although gas prices have been trending higher lately due to cold weather in key consuming regions of the country...............................................Full Article: Source
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