12/15/2014

Oil, coal and iron ore at 2008/2009 financial crisis levels

Tumbling oil, coal and iron ore prices are now all at levels last seen during or before the financial crisis of 2008/2009, signalling not only the impact of a glut of supplies but deeper weakness in parts of the global economy, analysts say. The raw materials are among the most sensitive to economic health, with oil and coal the world's two most important energy sources and iron ore used to make steel.