| Global commodity prices marked a fourth straight annual decline in 2014 in their longest losing streak in 23 years, as lingering concerns about global economic growth battered appetite for raw materials, while producers didn’t hold back supplies and worsened a glut.
Brent crude oil led the broader fall in demand by hitting last year its lowest since 2008, gold dropped for a second straight year for the first time since 1998, copper capped the worst losses in three years, iron ore hit a five-year trough and some farm items were hovering around their meanest since 2009, as any credible sign of a demand recovery remained elusive. Despite rock-bottom interest rates in the US, the dollar stayed strong last year, making imports of raw materials less attractive to users of other currencies and further weighing on demand...............................................Full Article: Source
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