08.01.2009 - S&P: Energy sector leads S&P GSCI to record loss in 2008
From Commodities-now.com: Standard & Poor's, the world's leading index provider, announced today that the S&P GSCI declined 13.32% in December, ending the year with a loss of 46.49% – the worst total return for the Index since its inception in 1970. The previous worst year on record was 1998, when the Index lost 35.75%. "Fears of a severe global economic contraction as well as plunging equity markets weighed on industrial commodities in 2008, pushing the S&P GSCI into record territory," says Michael McGlone, Director of Commodity Indexing at Standard & Poor's and author of the S&P GSCI Commodity Perspective.... Full Article: Source
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