Oil prices fell to six-year lows after last week the US became clear the stocks that reported the highest monthly levels from 1930 onwards. Futures fell more than 2.7 percent after data showed inventories 383.5 million barrels, or 7.4 percent. According to the new King Salman bin Abdulaziz, the price of gold cation of that "never more to reach $ 100 a barrel," he declared to preserve the policy of his predecessor King Abdullah.
Oil is trading at a level of $ 44.35 per barrel or $ 1.24 less than the price on Friday. Brent for March delivery fell 94 cents to $ 47.85 a barrel, after January 23 increased by 0.6% and traded at a price of $ 48.79.
Sentiment remains negative for oil, due to the market saturation and the increase in US inventories. The refusal to reduce supplies also support the downward movement.
Gold rose to the highest level since August 2014 onwards, after the vote in Greece. Bullion for immediate delivery rose more than 0.4 percent to $ 1,299.31 an ounce. The February futures added 0.4 percent to $ 1,297.10 an ounce.
Silver for immediate delivery rose 0.8 percent to $ 18.43 an ounce. Platinum rose 0.3% to $ 1,273.13 an ounce, while palladium fell 0.1% to $ 774.60 an ounce.
According to analysts, the price of precious metals will continue to grow amid quantitative easing by the European Central Bank and the weaker economic performance worldwide.
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