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Maritime News

Invisible Enemies and Solid Friends Commodities in 2018

If you’re looking for what kept a lid on commodities this year, just keep in mind that it’s invisible.

Having notched a gain in 2016 for the first time in six years, it looks like the Bloomberg Commodity Index will end 2017 back in the red again:

Raw Reversal
Barring a swing upward through the rest of the month, it looks like the Bloomberg Commodity Index will have dipped down again in 2017

Breaking down the 22 underlying commodities’ weighted returns for the year so far, only nine show a gain. The chart below shows the top and bottom five performers. One stands out — and not in good way:

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