A summary of trading in key commodities markets overseas:
ENERGY
World oil prices fell Friday as investors took profits from bumper gains made during a week that saw the promise of a comprehensive plan to rescue the eurozone.
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New York’s main oil contract, light sweet crude for delivery in December, slipped 64 US cents to $US93.32 a barrel.
Brent North Sea crude for December lost $US2.17 to $US109.91.
The New York price was still well above the $US86.31 close of a week before, after encouraging news on growth in China and the United States, and Thursday’s EU pact, fed expectations of firm demand.
Brent though was only slightly higher than the previous Friday’s $US109.54 as the gap between the two benchmarks appeared to be narrowing.
Prices continued to benefit from the stronger euro, which rebounded sharply against the dollar this week with the news of the eurozone deal.
PRECIOUS METALS
Gold edged lower on profit taking a day after a deal to contain the euro zone debt crisis triggered a broad rise in equities and commodities, but gold posted its biggest weekly rise since January 2009.
Spot gold finished at $US1,743.10 per ounce, almost even with where it ended the previous session at $US1,743.95. It retreated from a one-month high of $US1,751.99 to spend most of the session modestly lower.
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