New York-traded oil futures ended lower Monday after shifting between gains and losses in the wake of an election win by Greek anti austerity party Syriza.
Light, sweet crude for March delivery CLH5, +0.24% fell 44 cents, or 1%, to close at $45.15 a barrel on the New York Mercantile Exchange.
Brent crude also declined, with the March contract LCOH5, +0.35% declining 63 cents, or 1.3%, to $48.16 a barrel on London’s ICE Futures Exchange.
In other metals, platinum for April delivery PLJ5, -0.10% lost $13.70 to $1,255 an ounce, while palladium for March delivery PAH5, -0.57% gave up $7.75 to $781.85 an ounce.
High-grade copper for March delivery HGH5, -0.45% rose 4 cents to $2.54 a pound.
Gold futures declined on Monday as traders took profits after radical leftist party Syriza won the Greek election over the weekend, adding a dash of uncertainty to markets.
Gold for February delivery GCG5, -0.17% retreated $13.20, or 0.1%, to settle at $1,279.40 an ounce, while March silver futures SIH5, -0.74% shed 6 cents to $18.30 an ounce.