Commodity prices have been getting decimated in 2015.
We mostly hear about the decline in energy since oil and natural gas are down 33.4% and 38.5% this year.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Commodity prices have been getting decimated in 2015.
We mostly hear about the decline in energy since oil and natural gas are down 33.4% and 38.5% this year.
But this comprehensive chart shows how energy is just the tip of the commodities iceberg...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Commodity prices have been getting decimated in 2015.
We mostly hear about the decline in energy since oil and natural gas are down 33.4% and 38.5% this year.
But this comprehensive chart shows how energy is just the tip of the commodities iceberg...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Legendary investor Jim Rogers just spoke with BBC's Radio 4 on Aug. 24, now known as "Black Monday" - the day commodities crashed to their lowest level in the 21st century.
Brent crude oil prices, the international benchmark, have plummeted 18.8% in August so far, dipping below $44 a barrel. Futures have fallen 38.6% from the 2015 high of $69.94 seen just over three months ago. WTI crude oil prices have fallen even more - the U.S. benchmark has tumbled 20% this month, 34.6% this year, to hit below $39 a barrel.
There are ample reasons to be pessimistic about commodities right now.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Commodity prices just hit their lowest level of the 21st century.
The Bloomberg Commodity Index, which tracks the movement of 22 raw materials, fell to new lows this morning following a worldwide market sell-off.
This chart shows how the index has trended over the last 16 years...