Oil and Gold
Oil prices advanced on Friday, bouncing back from a midweek drop sparked by figures showing a surge in U.S. distillate supplies. Light, sweet crude oil for November delivery gained 32 cents to $61.91 a barrel in electronic trading on the NYME. The gold bullion opened Friday at a bid price of $586.45 a troy ounce, up from $579.20 late Thursday.
Currencies
The euro rose against the U.S. dollar on Friday as traders favored the common currency after weak economic reports in the United States. In morning trading, the euro rose to $1.2818, up from $1.2766 late Thursday in New York. The British pound advanced to $1.9053 from $1.8990 late Thursday and the dollar slipped to 116.36 Japanese yen from 116.61 yen. |