Commodities End 2017 With a Bang in Longest Rally on Record
- Oil trades above $60 a barrel near highest in two years
- Copper posted best run in December in almost 30 years
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Commodities started the end-of-year party early.
The Bloomberg Commodity Index, which measures returns on 22 raw materials, closed up 11 days in a row -- a repeat on Friday would result in the longest run in records dating back to 1991. It climbed 0.3 percent at 9:43 a.m. in New York. While the index has been lifted this month by gains in crude oil, copper and gold, it still remains well below 2008 highs.