| From Business-standard.com: Commodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials.
The value of the 19 commodities in the Reuters-Jefferies CRB Index fell $280.6 billion, or 43 per cent, from its July 3 peak, a loss larger than their total worth two years ago, data compiled by Bloomberg show. UBS AG, the Zurich-based bank that bought Enron Corp’s energy unit in 2002, plans to exit most commodity trading. About 15 per cent of investors in Boone Pickens’s BP Capital LLC hedge fund may want their money back...... Full Article: Source
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