16.10.2008 - Commodities join equities in downward spiral
From FT: Stock markets around the world tumbled yesterday and commodity prices weakened as investors switched their focus from banking bail-outs to deteriorating economic fundamentals and the looming prospect of a global recession. US oil prices dropped below the $75 level for the first time in more than a year, base metals fell sharply and the Baltic Dry index, a key measure of shipping costs, plunged a further 10 per cent...... Full Article: Source