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  • Safi Bello

Energy commodity prices increased in the second half of 2017

U.S. Energy Information Administration --------- After decreasing nearly 20% in the first half of 2017, the spot energy index in the Standard and Poor's (S&P) Goldman Sachs Commodity Index (GSCI) ended 2017 16% higher than the beginning of the year. Higher crude oil and petroleum product prices in the second half of 2017 were responsible for the increase in the S&P GSCI energy index. West Texas Intermediate (WTI) and Brent, two major crude oil benchmarks, account for 70% of the weighting in the S&P GSCI energy index. As a result, the energy index tends to follow major price movements in the crude oil market. The weights associated with individual commodities within the S&P GSCI index are updated every year in response to changes in global commodity production quantities and futures contract trading volumes. To learn more click on the picture below to read the article.

Energy commodity prices increased in the second half of 2017 - Read More from EIA

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