Commodity Capsule: Brent crude oil fell; gold flat; copper slightly slips | Watch video
Commodity Capsule: Meanwhile, US energy firms increased oil and natural gas rigs to their highest since mid-December, potentially signaling an increase in output.
Commodity Capsule: Oil prices fell on Monday after Israel said it had "concluded" a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East.
Brent crude futures slipped to stay below $82 a barrel, while US West Texas Intermediate crude futures hovered under $77 a barrel.
Geo-political risks and potential oil supply disruption in the Middle East pushed prices up by about 6 per cent last week.
Last week, Israeli Prime Minister Benjamin Netanyahu rejected a ceasefire proposal from Hamas.
Meanwhile, US energy firms increased oil and natural gas rigs to their highest since mid-December, potentially signaling an increase in output.
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