Archive for August, 2010

Oil and metal stocks open higher

Tuesday, August 17th, 2010

Brent and crude oil prices climbed to $75.6 early Tuesday morning, while both gold (+0.73% to $1225.50) and silver (+0.38 to 18.49) also traded higher.

Commodity stocks on FTSE 100 rises

Scottish oil company, Cairn Energy (LON:CNE), rose 5.32 % to £493.20 after announcingsale of their stake in London Stock Exchange-listed Vedanta Resources Plc.

Other commodity stocks rising early Tuesday morning include African Barrick Gold (LON:ABG), mining companies Xstrata (LON:XTA) and Kazakhmys (LON:KAZ).

Keep an eye on economic data from US housing today, which can impact commodity prices. (more…)