Commodities Corner: Energy commodities suffer worst first-half performance since 1998

The S&P GSCI Energy Total Return index suffered its worst first-half performance in almost two decades because of big losses in energy commodities including crude oil and natural gas, according to a report from S&P Dow Jones Indices released Thursday.

The S&P GSCI Energy Total Return index SPGSENTR, +0.59% lost 18.8% year to date through June. That was the worst start for any first half of the year since 1998, according to Jodie Gunzberg, head of commodities indices at S&P Dow Jones Indices.

The index was trading down by more than 3% for Thursday’s session. Each single commodity tracked by the index “didn’t just lose in the first half of 2017, but lost double digits,” Gunzberg said.

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