On Monday, crude oil futures from West Texas Intermediate is approaching again the level of $ 39 after OPEC left production levels unchanged despite the global oversupply.
On the New York Mercantile Exchange, WTI crude oil for January delivery fell 51 cents, or 1.26%, to $ 39.47 a barrel. Earlier, the quotes fell to $ 39.20, the lowest level since August 27, and closed Friday's session with a $ 1.11 drop, or 2.7%.
On the ICE exchange in London, Brent crude for January delivery fell 32 cents, or 0.74%, to $ 42.68 for a barrel. London Brent crude oil contract closed Friday's session with a decline by 84 cents, or 1.92%.
At the weekend, the Organization of Petroleum Exporting Countries failed to reach an agreement on the excess reduction on the market after prices collapsed by more than 60% since June 2014. As a result, oil prices are expected to keep the downturn amid the oversaturation of global market.
The rate of production of the 12 participating countries, in the last month amounted to about 31.5 million barrels a day. The oil offer on the world market is still ahead of demand due to the boom in shale oil in the US and after the adoption last year of OPEC's decision not to cut production volumes.
Today, the spread between Brent and WTI oil is $ 3.21 per barrel compared with $ 3.03 at the close of the previous session.
Gold prices are close to three-week high after the release of the employment report in the United States.
Gold is traded at $ 1082.60 per ounce, compared to $ 1086.61 at the close of Friday trading.
Silver is traded at $ 14.59 per ounce, compared to $ 14.54 at the closing of Friday trading, platinum is $ 873.33 compared to $ 878.99, and palladium is $ 558 against $ 563.83.
On Monday, the price of copper to weekly peak, as market players are focused on a series of publications from China during the week, to make an impression on slowing Asian economies.
On Comex division of the New York Mercantile Exchange, copper futures for March delivery rose 0.4 cents, or 0.19%, to $ 2.081 per pound. Earlier the prices rose to $ 2.094, the peak from November 27. Meanwhile, on London Stock Exchange, the three-month copper contract rose in price by 0.15% to $ 4619.00 per ton. Despite the recent rise, the prices of copper have lost since the beginning of November 11%.