To the already worrying oil situation are now added facts such as the conflict in the Gaza Strip and the gas dispute between Russia and Ukraine. Perhaps that's why oil continues its downward trend and reached around $35 a barrel. "Markets have probably been pricing in the final passage of the twin crisis that has been plaguing us for much of the month," MF Global's Edward Meir said.According to data provided by the media, U.S. crude for delivery in February fell to US $ 35.25 a barrel. London's Brent crude for March was down $1.45 to $45.12. Oil has collapsed more than $110 a barrel since peaking at $147.27 in July 2008.
On the other hand, aluminum fell to 5-year lows; since September 2003 there was not such a low price for this metal on the London Metal Exchange. Three-month aluminum was trading at $1,425 a ton from $1,470 a ton. Prices have fallen more than 50% from a record $3,380 a tonne last July. Aluminium inventories rose to 2.53 million tonnes, their highest level since July 1994.
