Today in the Market
Today in the Market
In Commodities Markets Brent oil fell but held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices. Brent crude futures were down 1 cent to $60.43 per barrel and yet the benchmark was still close to its highest level since July 2015. U.S. West Texas Intermediate crude futures were 2 cents higher at $53.92 a barrel. Spot gold was at $1,271.59 an ounce, little changed from its late Friday level but well off that session’s three-week low of $1,263.35. Silver was down 0.7 percent at $16.70 an ounce. Platinum was 0.1 percent higher at $915.20 an ounce, while palladium was up 0.1 percent at $966.20.

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