Bloomberg Commodities Index hits the lowest level since 1991

Market news

13 January 2016

Bloomberg Commodities Index hits the lowest level since 1991

Bloomberg Commodities Index, which is composed of futures contracts on 22 commodities, dropped by 1.5% to 74.02 on Tuesday and reached the lowest level since 1991. According to Bloomberg, the weak global growth, the oversupply and the strong U.S. dollar are the reasons for the drop. The slowdown in the Chinese economy also weighs on commodities.

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