Sun, Feb 10, 2013 - Page 6 News List

Brent oil surges to nine-month peak near US$120

DEFYING GRAVITY:Brent North Sea oil hit a series of multi-month highs and climaxed on Friday on strong China trade figures and Iran’s rejection of nuclear talks


Meanwhile, central America is scrambling to contain the coffee-eating “roya” fungus that has invaded a third of the impoverished region’s crops, threatening to cost the vital industry hundreds of millions of dollars.

By Friday on NYBOT-ICE, Arabica for delivery in March declined to US$1.4080 a pound (0.45kg) from US$1.4785 a week earlier.

On LIFFE, Robusta for March delivery rose to US$2,136 a tonne from US$2,023 a week earlier.

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