Energy commodity prices post declines

Energy commodity prices in the last quarter of 2018 fell significantly, the US Energy Information Administration said on Wednesday. The spot energy index in the S&P Goldman Sachs Commodity Index (GSCI) ended the year 21 percent lower than at the beginning of the year, according to EIA. Although all components of the S&P GSCI fell in 2018, the S&P GSCI energy index fell more than any other subindex. Steep declines in crude oil and petroleum product prices in the fourth quarter of 2018 contributed to the decline in the S&P GSCI energy index.