(Bloomberg) -- Commodities headed for the biggest annual loss since the global financial crisis in 2008, retreating for a record fourth year, as a global glut spurred a rout in oil prices and a stronger dollar cut the allure of raw materials.
The Bloomberg Commodity Index, which tracks 22 products from crude to copper, fell 0.9% to 105.1845 points at 8:53 a.m. in New York, after dropping to the lowest level since March 2009 earlier today. Its lost 16% this year, with crude, gasoline and heating oil the biggest decliners. A fourth year of losses would be the longest since at least 1991.
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