Commodities post worst streak since 2008 as oil, copper slide

INVESTORS are bailing on commodities amid mounting concerns that slowing global growth will hurt demand for raw materials as supply gluts persist.

The Bloomberg Commodities Index fell for a ninth straight session, the longest losing streak since 2008 - the year Lehman Brothers Holdings Inc collapsed, triggering a global financial crisis.

Industrial metals dropped by the most in two weeks as durable goods orders in the US fell more than expected. Crude oil tumbled to a three-month low after data showed American stockpiles unexpectedly climbed last week.