Shares of BHP Billiton Limited (ASX: BHP) have managed to edge slightly higher today, lifting 0.14% to be trading at $28.92 per unit. By comparison, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has plummeted a further 1%, extending yesterday's massive losses.
BHP's rise comes despite further falls in the iron ore and oil prices overnight. Iron ore fell 1.1% to just US$69.06 per tonne while oil prices also dipped slightly lower, with Brent oil now changing hands for US$66.17 per barrel. Indeed, the two commodities have caused enormous headaches for the miner and its shareholders with the stock currently trading 27% lower since peaking in mid-August.
Source: Yahoo Finance
With forecasts suggesting both commodities will continue to fall in 2015, today's narrow recovery may only come as a temporary relief for investors.