08.12.2014 - Commodities take a breather after torrid November
Commodities have fallen to a five-year low, leaving producers of most raw materials with little to cheer about during the past month (and especially during the last week). Most notable was the accelerated selling that hit the energy market following the recent OPEC meeting. The organization's unwillingness to cut production -- thereby signalling a "battle" for market share against other, non-OPEC producers -- was the final straw, and it triggered a slump in oil prices to a new five-year low. A monthly collapse of this magnitude in Brent crude has only been seen on four occasions since 1988...............................................Full Article: Source
Print