Oil Sinks Under $32 For The First Time in More Than 12 Years

U.S. oil futures fell under $32 a barrel on Monday for the first time since December 2003, with concerns over an economic slowdown in China and expectations that oil from Iran will soon hit the market setting prices up for a sixth straight session decline. February West Texas Intermediate crude shed $1.51, or 4.5%, to $31.65 a barrel on the New York Mercantile Exchange, following a drop of more than 10% last week. Prices on Nymex haven’t...

Gold down a second straight session, ends under $1,100

Gold futures settled lower for a second straight session on Monday as prices failed at an earlier attempt to reclaim the $1,100-an-ounce level after climbing by nearly 4% last week. February gold fell $1.70, or almost 0.2%, to settle at $1,096.20 an ounce after trading as high as $1,108.30. Prices had registered a gain of 3.6% last week, representing the best weekly gain since Aug. 21, 2015, according to FactSet data. Meanwhile,...

U.S. Stocks Rally as Consumer Shares Offset Oil, China Selloffs

U.S stocks rose in the last 30 minutes of trading, ending a volatile session higher as gains in consumer and technology shares overshadowed lingering concern over China that continued to fuel a rout in commodities. Treasuries retreated. The Standard and Poor’s 500 Index ended Monday up 0.1 percent, after sliding to within two points of the 1,900 level earlier in the session. The Russell 2000 Index of smaller companies dropped 0.4 percent,...

U.S. Stocks Fluctuate as Commodities Resume Selloff; Bonds Fall

U.S stocks fluctuated, after attempts to stabilize faltered as renewed weakness in China rekindled a rout in commodities from oil to copper. Government bonds fell with the yen. The Standard and Poor’s 500 Index swung between gains and losses after the worst start to a year on record. European shares ended lower after a tumultuous session. The Shanghai Composite Index tumbled more than 5 percent, South Africa’s rand fell to a record...

European Stocks Erase Advances in Final Hour as Miners Decline

After a day of fluctuations, European stocks finally closed at their lowest levels since September, extending losses after their worst weekly plunge in more than four years. The Stoxx Europe 600 Index erased its gain in the final hour of trading, falling 0.3 percent at the close as commodity producers reversed advances. Germany’s DAX Index, which heavily relies on exporters and was among the worst developed markets last week, slipped...