Gasoline Market Update

December gasoline RBZ4, -0.22%  lost 2 cents, or 1.1%, to settle at $2.0334 a gallon on Nymex. December heating oil HOZ4, +0.05%  fell less than a penny, or 0.4%, to $2.3955 a gallon, also on Nymex.

Oil Market Update

Oil futures drifted lower Monday after the deadline for talks over Iran’s nuclear programs was extended and investors debated whether the Organization of the Petroleum Exporting Countries will move to alleviate a global supply glut by cutting production.

Light, sweet crude for January delivery CLF5, -0.08%  fell 73 cents, or 1%, to settle at $75.78 a barrel on the New York Mercantile Exchange. That put a stop to a two-session winning streak.

ICE January Brent futures LCOF5, -0.14%  slipped 68 cents, or 0.9%, to end at $79.68 a barrel, also after two sessions of gains.

Gold Market Update

Gold futures wavered around the break-even mark Monday, largely holding on to Friday’s gains that were sparked by central-bank news from China and Europe. Despite gold’s lackluster moves over the past several months, at least one analyst speculated that the yellow precious metal may recover to $1,400 an ounce by 2016.

December gold futures GCZ4, +0.08%   were last up 20 cents, or less than 0.1%, to $1,197.90 an ounce, while December silver SIZ4, +0.70%   edged up a penny, also less than 0.1%, to $16.41 an ounce.