Oil prices lower despite OPEC decision
Monday, 10 December 2007
LONDON, Dec 9 (AFP): Oil prices eased this week despite OPEC's decision to hold output levels and news of plunging crude reserves in the United States.
OIL: By Friday, New York's main oil futures contract, light sweet crude for delivery in January, slid to 88.50 dollars, compared with 88.85 dollars a week earlier.
PRECIOUS METALS: The prices of most precious metals rose. On the London Bullion Market, gold prices advanced to 792.50 dollars an ounce at Friday's late fixing, from 783.50 dollars a week earlier.
Silver firmed to 14.44 dollars an ounce, from 14.23 dollars.
On the London Platinum and Palladium Market, platinum prices rose to 1,458 dollars an ounce at the late fixing Friday.
BASE METALS:On Friday, the price of copper for delivery in three months sank to 6,860 dollars a tonne on the London Metal Exchange from 7,045 dollars a week earlier.
Three-month aluminium prices weakened to 2,466 dollars a tonne from 2,514 dollars. Three-month nickel declined to 26,900 dollars a tonne from 27,100 dollars.
Three-month lead slid to 2,665 dollars a tonne from 3,022 dollars. Three-month zinc slipped to 2,395 dollars a tonne from 2,556 dollars.
Three-month tin dropped to 16,688 dollars a tonne from 17,100 dollars.
COCOA: Cocoa prices shot higher on supply concerns in key exporter Ivory Coast
By Friday on the LIFFE, the price of cocoa for March delivery rose to 1,036 pounds a tonne.
COFFEE: By Friday on the LIFFE, Robusta quality for January delivery fell to 1,754 dollars a tonne, compared with 1,824 dollars the previous week.
SUGAR: Sugar prices firmed. By Friday on the LIFFE, the price per tonne of white sugar for March delivery rose to 290.60 pounds from 287.20 pounds the previous week.
RUBBER: Rubber prices sank and are expected to continue their downward.
On Friday, the Malaysian Rubber Board's benchmark SMR20 dropped to 235.95 US cents per kilogramme from 237.30 cents last week.
WOOL: The wool market finished 0.9 per cent higher in major producer Australia. The Eastern Index rose to 9.98 Australian dollars a kilogramme, from 9.87 Australian dollars a week earlier.
OIL: By Friday, New York's main oil futures contract, light sweet crude for delivery in January, slid to 88.50 dollars, compared with 88.85 dollars a week earlier.
PRECIOUS METALS: The prices of most precious metals rose. On the London Bullion Market, gold prices advanced to 792.50 dollars an ounce at Friday's late fixing, from 783.50 dollars a week earlier.
Silver firmed to 14.44 dollars an ounce, from 14.23 dollars.
On the London Platinum and Palladium Market, platinum prices rose to 1,458 dollars an ounce at the late fixing Friday.
BASE METALS:On Friday, the price of copper for delivery in three months sank to 6,860 dollars a tonne on the London Metal Exchange from 7,045 dollars a week earlier.
Three-month aluminium prices weakened to 2,466 dollars a tonne from 2,514 dollars. Three-month nickel declined to 26,900 dollars a tonne from 27,100 dollars.
Three-month lead slid to 2,665 dollars a tonne from 3,022 dollars. Three-month zinc slipped to 2,395 dollars a tonne from 2,556 dollars.
Three-month tin dropped to 16,688 dollars a tonne from 17,100 dollars.
COCOA: Cocoa prices shot higher on supply concerns in key exporter Ivory Coast
By Friday on the LIFFE, the price of cocoa for March delivery rose to 1,036 pounds a tonne.
COFFEE: By Friday on the LIFFE, Robusta quality for January delivery fell to 1,754 dollars a tonne, compared with 1,824 dollars the previous week.
SUGAR: Sugar prices firmed. By Friday on the LIFFE, the price per tonne of white sugar for March delivery rose to 290.60 pounds from 287.20 pounds the previous week.
RUBBER: Rubber prices sank and are expected to continue their downward.
On Friday, the Malaysian Rubber Board's benchmark SMR20 dropped to 235.95 US cents per kilogramme from 237.30 cents last week.
WOOL: The wool market finished 0.9 per cent higher in major producer Australia. The Eastern Index rose to 9.98 Australian dollars a kilogramme, from 9.87 Australian dollars a week earlier.