By Sumit Roy
Just six of the 22 major commodities appreciated last year.
The past year was a mixed bag for commodities investors. On the one hand, most commodities fell. Of the 22 major commodities we follow, a mere six registered gains in 2011. On the other hand, investor favorites — gold and oil — both managed to put in very solid advances in the year.
Indeed, Brent crude oil took the top spot for the year, with a 13.3 percent gain, while gold took the third spot, with a 10.1 percent increase.
Even West Texas Intermediate (WTI) finished with a respectable 8.2 percent gain as a year-end surge in the oil benchmark helped it make up for infrastructure-bottleneck-related underperformance earlier in 2011.
It’s also worth noting that many commodities finished 2010 at elevated levels after having risen swiftly off the lows following the 2008/2009 financial crisis and global recession. In that context, the poor performance in 2011 can be seen as a correction in a larger uptrend rather than a trend itself.
2011 Commodity Performance (Grouped By Sector)
|Commodity||Price at end of 2010||Price at end of 2011||Change for the year|
2011 Commodity Performance (Ranked)