Gasoline Market Update

Nymex reformulated gasoline blendstock for January RBF5, -0.73%  — the benchmark gasoline contract — fell 6 cents, or more than 3%, to end at $1.71 a gallon.

Oil dives 4.2%, hits new 5-year low on oversupply worry

Crude-oil prices again tumbled to five-year lows Monday, pressured by forecasts that a global glut of oil will persist into the first half of next year.

On the New York Mercantile Exchange, crude futures for January delivery CLF5, -0.95%  dropped $2.79, or 4.2%, to settle at $63.05 a barrel. The U.S. oil benchmark logged the lowest settlement for a front-month contract since July 16, 2009, sliding further just one session after ending at levels last seen on July 29, 2009.

Gold recovers from post-jobs beating

Gold rebounded on Monday as weak global economic data revived safe-haven demand for the precious metal.

Gold for February delivery GCG5, +0.55% rose $4.50 to settle at $1,194.90 an ounce. March silver SIH5, +0.36% gained 2 cents to $16.27 an ounce.

On Friday, gold prices slumped in reaction to a better-than-expected jobs report. Still, the precious metal managed a 1.3% gain for the week.

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% (at break) 
 Shanghai (Shanghai Composite Index) up 1.2% (at break) 
 Sydney (S&P/ASX 200) down 1.5% 
 Seoul (Kospi) down 0.4% 
 Mumbai (Sensex) flat 
 Taipei (Taiex) down 0.5%

Malaysia: Shares open lower on Tuesday

MALAYSIA share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 4.10 points to 1736.74.

Volume was 69.72 million lots worth RM27.98 million.

Losers outnumbered gainers 144 to 62.