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Returns on commodities slip on oil prices to the lowest since 1991

Slowing global economy, ample supplies and strong US dollar combine to erode the appeal of raw materials as alternative investments

Oil futures in New York slid to the lowest in 12 years before US data on Wednesday that's forecast to show crude supplies rose. West Texas Intermediate slipped 4.7 per cent to US$29.93 a barrel.


A GAUGE of returns on raw materials tumbled to the lowest since at least 1991, extending the agony that producers of energy, industrial metals and agricultural commodities faced in 2015.

The Bloomberg Commodity Index, a measure of returns from 22 raw materials, fell as much