Oil generally falls weakening today. West Texas Intermediate for the February delivery fell 57 cents a barrel to $ 53.55 a barrel. Contracts yesterday rose 51 cents to $ 54.12 a barrel. February Brent lost 72 cents, or 1.2% of the price to $ 57.18 a barrel. Decrease this year of oil is over 45%, which is the largest decline in price since the beginning of the global crisis until now. Since OPEC announced that it plans to reduce oil supplies although this affect the price, “black gold” fell by over 22%.
Gold rose to the highest weekly level after the dollar weakened in the last days of 2014. Bullion for immediate delivery rose 0.5% to 1 206.30 US dollars an ounce. On an annual basis the precious metal has fallen by 0.1% compared to a 28% decrease from 2013. For the February delivery gold traded at a price of $ 1,200 per ounce, up 1.6% Silver for immediate delivery retreated positions by 0.2% to 16.27 an ounce, and annual basis with 16% reduction and a 36% decline in the price in 2013. The price of spot platinum almost missed the change, as traded on 1 217.75 per ounce. Palladium, which is the best performing precious metal this year increased by 0.1% to $ 805.30 an ounce.