En­ergy com­mod­ity prices post de­clines

China Daily - - BUSINESS -

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.

Newspapers in English

Newspapers from Hong Kong

© PressReader. All rights reserved.