New York-The S&P GSCI Energy Index gained 8.2% in the month of December, helping end the year in positive territory and compensate for a dismal first half of the year, S&P said January 5. "The announcement of quantitative easing from the US Federal Reserve has helped pro- vide a bid for most commodities," S&P said in a quarterly statement. "Globally, emerging market-based demand for commodities contin- ues to accelerate and expansive monetary policies from many of the OECD countries are contributing to the demand for physical assets," S&P said.
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