| Mining companies and oil producers tumbled worldwide as a renewed slide in commodity prices saw oil drop to a six-month low and copper neared a bear market. The Bloomberg World Oil & Gas Index of 65 of the leading producers declined 1.4 percent to its lowest in five years. The Bloomberg World Mining Index of the biggest mining stocks fell 1.5 percent to near its lowest since 2009.
More than $450 billion has been erased this year from the value of both indexes. Commodities dropped after an official gauge of Chinese manufacturing slid to a five-month low and Iran said it will be able to bolster crude production within a week of sanctions ending...............................................Full Article: Source
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