Declining Price of Commodities Pulls Down on Stock Market

The most pressing concern in the commodities market lately has been a fear that the global economy cannot sustain sufficient growth with oil prices reaching above $100 a barrel. Investors witnessed the price of oil drop from as high as $113 last week to around $106.50 this morning. But adding into this downturn was a weakness in raw-materials prices seen over the last two trading days that inflicted pain on the stock market yesterday as commodity-linked companies felt losses as a result of this decline.