Bloomberg Commodity Index Dropped 3 Percent in December, Finished Down 25 Percent for 2015

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Jan 04, 2016, 06:02 ET

NEW YORK, Jan. 4, 2016 /PRNewswire/ -- The Bloomberg Commodity Index (BCOM), a measure of investor returns in raw materials, tumbled 25 percent in 2015, a fifth straight annual loss and the longest slide since the data was first recorded in 1991.

The gap between Brent and WTI crude oil shrunk amid speculation the removal of a 40-year ban on U.S. crude exports may ease the nation's oversupply.

Almost every commodity was lower for the year as raw-material surpluses grew after years of supply expansion. Cotton was the only gainer out of 22 commodity indices for the year. Crude oil was the worst performer, down 45 percent on excess in supply. The index was down three percent for the month of December. The full report along with market commentary and performance charts can be viewed online.

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SOURCE Bloomberg