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Global Oil, Gold Prices Rise

Written: 2011-11-16 15:13:05Updated: 2011-11-16 16:13:06

Global Oil, Gold Prices Rise

Global oil prices have rose following improvements in U.S. economic indicators.

On the floor of the New York Mercantile Exchange on Tuesday, Western Texas Intermediate crude for December delivery rose one-point-three percent to close at 99-point-37 dollars per barrel, marking the highest close since the end of July.

In the London International Petroleum Exchange, Brent crude traded at 112-point-40 dollars per barrel, up 45 percent from the previous day.

Gold for December delivery also rose two tenths of a percent to one-thousand-782-point-20 dollar per ounce.

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