Friday, 3 October 2008

The Reuters/Jefferies CRB index - Commodities

More bad news for the Frontier Markets that are generally rich in commodities. The Reuters/Jefferies CRB index has fallen dramatically in the past few weeks. Commodity prices are coming off on concerns that there will be a global economic recession. The firmer dollar placed more downward pressure on prices, with the index falling 10% this week. Copper prices are at a 19-month low, crude oil is set for its largest weekly decline in four years, and platinum dropped to its lowest in three years.

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