Energy commodity prices fell significantly in the last quarter of 2018

After increasing 25% from January through the beginning of October in 2018, the spot energy index in the S&P Goldman Sachs Commodity Index (GSCI) ended the year 21% lower than at the beginning of the year. The S&P GSCI is a weighted average of commodity prices intended to reflect global commodity production quantities and futures contracts’ trading volumes. Although all components of the S&P GSCI fell in 2018, the S&P GSCI energy index fell more than any other sub-index. Steep declines in crude oil and petroleum product prices in the fourth quarter of 2018 were responsible for the decline in the S&P GSCI energy index. More »