Platinum Market Update

Platinum for April delivery PLJ5, +0.49%  gave up $17.20, or 1.4%, to settle at $1,202.70 an ounce. Palladium for March delivery PAH5, +0.01% lost $6.60, or 0.8%, to settle at $812 an ounce.

Gasoline Market Update

Gasoline futures swung to a loss. Nymex reformulated gasoline blendstock for January RBF5, -0.19%  — the benchmark gasoline contract — fell 5.5 cents, or 3.7%, to settle at $1.45 a gallon.

Gold, silver fall as traders look to 2015

Gold prices pulled back Monday after some wide swings during Christmas week.

Gold for February delivery GCG5, +0.47%  fell $13.40, or 1.1%, to settle at $1,181.90 an ounce on the New York Mercantile Exchange. Silver for March delivery SIH5, +0.45%  also fell, slipping nearly 37 cents, or 2.3%, to settle at $15.78 an ounce.

Oil prices see quickest 50% drop from top in 8 years

Crude-oil futures have now plunged 50% from their 2014 high, as prices swung lower again on Monday.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG5, -0.41% fell $1.12, or 2%, to settle at $53.61 a barrel, after an early rally on reports of a fire affecting oil-storage terminals in Libya collapsed. That’s the lowest settlement since May 1, 2009. Earlier, the February contract traded as high as $55.74, or 1.8% higher than Friday’s settlement.

Current Market Update

Here are the latest trading levels for Asia's major stock markets: 

Tokyo (Nikkei Average) down 0.7% 

 Hong Kong (Hang Seng Index) down 0.9% 

 Shanghai (Shanghai Composite Index) down 0.4% (at break) 

 Sydney (S&P/ASX 200) down 0.7% 

 Seoul (Kospi) down 0.7% 

 Mumbai (Sensex) up 0.2% 

 Taipei (Taiex) flat