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Oil prices slumped again on Monday, as comments about maintaining production from several OPEC ministers sparked a renewed selloff.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG5, +1.28% gave up earlier gains and settled $1.75, or 3%, lower at $55.38 a barrel. February Brent crude on London’s ICE Futures exchange LCOG5, +0.72% reversed earlier gains and was trading slightly above $60 a barrel.
Gold futures were unable to hold on to cautious gains, dropping well below $1,200 an ounce Monday.
Gold for February delivery GCG5, +0.05% fell $16.20, or 1.4%, to $1,179.8 an ounce. Silver for March SIH5, +0.33% fell 34.2 cents, or 2.1%, to $15.688 an ounce.
MALAYSIA share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.29 points to 1745.42.
Volume was 59.93 million lots worth RM14.12 million.
Gainers outnumbered losers 97 to 56.
MALAYSIAN shares ended higher on Monday with the Kuala Lumpur Composite Index adding 28.06 points to close at 1,744.05.
Some 1.58 billion lots, valued at RM1.64 billion were traded. Gainers numbered 695 while losers numbered 203.
The dollar rose against the yen, but declined against most other major currencies on Monday amid subdued, holiday-thin trading and a lack of cues.
As of last check, the greenback USDJPY, +0.27% traded at ¥119.79, from ¥119.52 in late New York trading Friday.
The dollar slipped against the euro EURUSD, +0.25% with the shared currency buying $1.2266, up from $1.2229 late Friday.
The WSJ Dollar Index BUXX, -0.18% a measure of the dollar against a basket of currencies, was down 0.18% at 82.45.
