11.08.2015 - Commodities Investors Get Relief After July’s Drubbing
Commodity bulls are finally getting some relief after suffering through the worst price plunge in almost four years. The Bloomberg Commodity Index that tracks 22 raw materials had its biggest gain since February on Monday amid increased Chinese crude-oil imports, supply disruptions at copper mines and worsening crop conditions for corn. The gauge last month had its worst performance since September 2011 amid a stronger U.S. dollar, expanding gluts in many raw materials and signs of a slowing economy in China. Money managers cut their net-long positions in commodities by 67 percent in the past year, according to U.S. government data released Friday...............................................Full Article: Source
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