02.12.2014 - Sliding oil leads to commodity volatility
Volatility hit the commodities markets on Monday as crude prices rebounded after hitting a new five-year low while copper slid to a four-year low, following last week’s sell-off triggered by Opec’s decision to maintain production levels. The Bloomberg Commodity Index of 22 raw materials fell to its lowest since May 2009. Crude, which had plunged after the cartel’s meeting on Thursday, fell further, with ICE January Brent as low as $67.53 a barrel – the cheapest it has been since October 2009 – before rebounding to $71, up 86 cents..............................................Full Article: Source
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