| CATEGORY: COMMODITIES |
Commodities: Oil rises on Saudi concerns |
|
Mon 30 Oct 2006
|
LONDON (SHARECAST) - Oil prices rose on Friday after news that Royal Navy forces had been deployed to intercept a possible seaborne attack on the world's largest oil export terminal in Saudi Arabia.
US light crude oil for December delivery rose 39 cents to settle at $60.75 a barrel on the New York Mercantile Exchange.
COMEX gold for December delivery rose $1.20 to settle at $601 an ounce on Friday following weaker than expected economic data.
Concern about the deployment of Royal Navy forces for a possible attack on a oil terminal in Saudi also called for gold’s safe haven qualities.
Among other precious metals December silver fell 16 cents to $12.08 an ounce while NYMEX January 2007 platinum down $3.60 at $1,079.70 per ounce.
Palladium for December delivery fell $3.50 to $323.
|
|
| |
|
 |
Archived Stories |
 |
|
Front Page Stories |
|
|
