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Jumat, 08 April 2011

Oil Spikes to Above US$110, Energy Stocks End Mixed - The Indonesia Today

Crude oil spikes to above US$110 per barrel on New York Mercantile Exchange (Nymex) trading last night. Energy stocks, meanwhile, end mixed worldwide.

In London, Brent crude also advanced to US$122.26 per barrel.

Oil and gas stocks, meanwhile, closed in narrow range with ExxonMobil gained 0.68%, while Shell and Total SA down 0.38% and 0.19%. Chevron gained 0.26%, but ConocoPhillips down 0.04%.

Coal-related stocks end mostly lower with Peabody Energy down 2.17% for two consecutive days, while Xstrata, the world's largest thermal coal exporter, conceded 1.73% in London. Anglo American also declined 2.16% in London.

Metals also mixed with Freeport and Newmont gained 2.12% and 3.26% respectively in New York, while Rio Tinto closed lower by 1.02% in London. Teck Resources also down 1.64%.

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