21.10.2008 - Commodities succumb to recession and redemptions
From Thepeninsulaqatar.com: It has been another semana horribilis in commodity markets with the CRB commodity index down by around 5 percent and the energy heavy GSCI down by nearly 6 percent. Fear of Recession and Redemptions continues to be the main theme. As a consequence markets has been rising and falling in line with stock markets. Crude Oil had one of its worst weeks on record as WTI fell by more than 9 percent and in the process retraced more than 50 percent from the highs last seen in July 2008. All week we saw wild fluctuations with a 19 percent swing from high to low..... Full Article: Source