NYMEX - The price of New York oil jumped Friday to a 2009 high propelled by a weak US dollar, tumbling American crude reserves, rising equities and positive eurozone data, traders said. New York's main futures contract, light sweet crude for delivery in October, closed $1.47 higher at $US73.89 per barrel, after soaring to $US74.72, a level last seen on October 20, 2008. London's Brent North Sea oil for October gained 86 cents to close at $US74.10 per barrel. COMEX - December gold futures soared $US12.90, ending at $US954.70 per fine ounce. September silver rose 28.4 cents to $US14.164 per fine ounce, while September copper gained 8.15 cents to $US2.842 per pound. By CompareShares.com.au - for more articles like this click here. CompareShares.com.au is Australia's pre-eminent news and investing site for investors and traders, covering shares, superannuation, property, financial planning strategies and more.
17th-August-2009 | 
