Platinum Market Update

January platinum PLF5, -0.31% lost $16.60, or 1.4%, to $1,214.90 an ounce, while March palladium PAH5, -0.44% slumped $14, or 1.7%, to $802.55 an ounce. High-grade copper for March delivery HGH5, -0.21% fell 6 cents to $2.88 a pound.

Gasoline Market Update

Nymex reformulated gasoline blendstock for January RBF5, -0.50%  — the benchmark gasoline contract — fell around 2 cents to $1.58 a gallon. Natural gas for January delivery NGF15, +0.97% fell 8 cents to around $3.72 per million British thermal units.

Oil plumbs depths as OPEC refuses to blink

A modest rebound by oil futures gave way to fresh selling Monday, clearing the way for a new round of lows after the Organization of the Petroleum Exporting Countries offered no indication it’s ready to blink and cut production.

U.S. light, sweet crude futures for delivery in January CLF5, -0.54%  pushed modestly higher in early action, buoyed in part by port disruptions in Libya before sinking again. West Texas Intermediate crude oil, as the U.S. benchmark is known, fell $1.90, or 3.3%, to close at $55.91, the lowest finish since May 2009.

January Brent crude LCOF5, -0.41%  on London’s ICE futures exchange was dragged lower, falling 79 cents, or 1.2%, to $61.06 a barrel.

Gold extends losing streak to 4th session as oil slumps

Gold extended its losing streak to a fourth session on Monday as oil failed to sustain its rebound.

Gold for February delivery GCG5, -0.92%  dropped 14.80 points, or 1.2%, to settle at $1,207.70 an ounce, while March silver SIH5, -2.70% sank 49 cents, or 2.9%, to $16.56 an ounce.

Gold and oil prices have been moving in tandem recently with gold taking its cue from the oil market more frequently.

Current Market Update

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

Tokyo (Nikkei Average) down 1.9% (at break) 

 Hong Kong (Hang Seng Index) down 1%

 Shanghai (Shanghai Composite Index) up 1% 

 Sydney (S&P/ASX 200) down 0.6% 

 Seoul (Kospi) down 0.3% 

 Taipei (Taiex) up 0.4%

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