Investors continue to be concerned about global economic growth, while, more specifically, metals traders are worried about China given its ongoing pursuit of a "Covid-zero" policy.
Oil dropped nearly 8% to $95.84 a barrel, the lowest since April.
Base metals followed with economic bellwether, copper, down 3.1% to $7335 per tonne, or about $3.29 per pound, the lowest level since December 2020.
Nickel dropped 2.2% to $21,320/t, the lowest price since January. In the precious metals, gold got off slightly with only a slight fall to $1725 an ounce.
Silver dipped below $19/oz for the first time in two years. Palladium, which had a good week last week, slumped 7.2% to $2015.60/oz, while platinum dropped 3.8%.
