Oil prices rise over concerns of Keystone pipeline

There are some concerns in the crude oil market that might affect the level of uncertainty over supply of oil and cause crude oil prices to trade up:

Due to a pump- station leak in the Keystone pipeline was shut down; this pipeline transfers 591,000 barrel-a-day of crude oil, from Canada to the U.S.

There are also reported disputes between Saudi Arabia and Iran

Current gold price, short term futures (June 2011 delivery) is traded at 1,539.3 USD / t oz. a $2 increase or 0.13%, as of 08:24*.

The Nymex crude oil price, short term futures (June 2011 delivery) is traded at 101.64 USD / barrel, a 1.05 USD/b increase or 1.04%, as of 08:23*.

Euro to US dollar conversion rate is currently traded up at 1.4397 a 0.8045% increase as of 08:27*.

The USD/CAD is also traded up at 0.9708 a 0.6481% rises as of 08:27*.

(* GMT)

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