Tumbling oil prices sent the energy-heavy S&P/TSX Composite Index below 13,000 for the first time since 2013, before finishing at 13,016.59, down 2.3%. Brent crude closed at US$39.73 per barrel on Dec. 10 - less than half of the US$110 per barrel it fetched in June 2014 - while West Texas Intermediate closed at U$36.75 a barrel, its lowest since February 2009. Oil prices dropped after news that the Organization of the Petroleum Export Countries wouldn't set production quotas for its members. According to its latest monthly market report, OPEC's group production rose by 230,000 barrels per day in November to 31.69 million barrels a day - the highest in more than three years. The S&P/TSX Capped Diversified Metals & Mining Index fell 3.7% to 336.23, and the S&P/TSX Global Mining Index dropped 1% to 43.90. Spot gold rose 0.9% to finish at US$1,071.50 per oz., lifting the S&P/TSX Global Gold Index 2.9% to 132.36.
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