July 2, 2012
...AND CHEAPER...:
Prices of Raw Goods Plunge on Slowdown (CAROLYN CUI, 7/01/12, WSJ)
The sudden economic downdraft has caused one of the biggest and broadest declines in commodities prices since the financial crisis, surprising producers and creating a glut of raw materials around the world.From crude oil to copper to cotton, prices were down an average of 9% since late February, based on the Dow Jones-UBS Commodity Index.Crude-oil prices, well above $100 a barrel just two months ago, now fetch $84.96 on the New York Mercantile Exchange.
Posted by Orrin Judd at July 2, 2012 5:31 AM
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