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STEPHEN INNES
The plunge in all prices is coming on worries of a swathe of COVID-19 lockdowns across emerged markets with softening fuel demand.
The U.S oil-based contract, the major indicator used for U.S. crude prices, sold at 35.79 per barrel.
Investors selling out other G7 currencies and increasing their buying pressure on the U.S dollar.
Both oil contracts suffered heavy losses as reports from U.S oil rig count gained up to 211 from last week’s level of 205.
Gold remained under pressure at the pre-opening of London’s trading session on Monday.
Pfizer Inc could have a COVID-19 vaccine available in the world's largest economy by the end of 2020.
Crude oil prices ended the week mixed cumulatively amid surging Covid-19 caseloads.
OPEC Secretary-General Mohammed Barkindo admits fuel demand is looking "anemic."
Gold prices drifted lower as the greenback gained some strength at Asia's trading session.
The price plunge is coming on sentiments that there was little or no exclusive feature seen on the new iPhone model.
Brent oil futures prices lost 0.2 to trade at $42.35 and West Texas Intermediate (WTI ) fell 0.27% to trade at $40.09.
A rapid rise in U.S tech stocks saw the precious metal losing its shine.