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Mar.17
4:51 PM ET
Monday, 17 Mar 2008
Commodities in the Red
Topics:Gold & Precious Metals | Commodities
Sectors:Oil and Gas
Despite oil [US@CL.1
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()] and gold [US@GC.1
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()] at record levels, prices have retreated across the board, and almost all commodities were in the negative today.
The Reuters CRB Index [US@CR
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()] closed down almost 5% on Monday for its sharpest decline in almost 40 years. The RJ CRB tracks prices of 19 commodity futures, including oil, gas, natural gas, heating oil, gold, aluminum, nickel, silver, copper, wheat, cotton, soybeans, sugar, frozen orange juice, cocoa, corn, coffee, live cattle and lean hogs.
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