Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 820 Sat. September 16, 2006  
   
Business


Oil above $63


World oil prices rose slightly on Friday, at the end of a week in which they have tumbled to the lowest levels for almost six months as concerns eased about possible supply disruptions.

New York's main contract, light sweet crude for delivery in October, climbed 11 cents to 63.33 dollars per barrel in electronic deals before the official opening of the US market.

In London, Brent North Sea crude for November delivery gained 15 cents to 63.69 dollars per barrel in electronic trading.

Brent's October contract expired Thursday, priced at 62.24 dollars.

That came after it fell to 61.96 dollars at one point Thursday -- the lowest level since March 23.

Crude futures have fallen sharply since striking record high points above 78 dollars per barrel in July and August.