Oil Prices Jump on Rumor of Saudi Cuts
"We are frankly in unknown territory at this stage," Nehru said.
Oil prices have fallen 70% since peaking at $147.27 in July. In other Nymex trading, gasoline futures rose 3.2 cents to settle at 96.87 cents a gallon. Heating oil fell 3.42 cents to settle at $1.40 a gallon while natural gas for January delivery rose 10.7 cents to settle at $5.686 per 1,000 cubic feet. In London, January Brent crude rose 77 cents to settle at $42.20 on the ICE Futures exchange. ------ Associated Press writers George Jahn in Vienna, Austria, Tomoko A. Hosaka in Tokoyo, Alex Kennedy in Singapore and Martin Crutsinger in Washington contributed to this report.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
|
|
UP
73.00
|
UP
6.24
|
UP
18.86
|
DOWN
0.17
|
10 Yr
3.43%
SPDR Gold
109.74
|
|
+0.72%
|
+0.57%
|
+0.88%
|
-0.49%
|
Data delayed 20 minutes |














