Commodities markets summary
Market watch top headlines
SYDNEY, Nov 12 AAP
November 12 2012, 07:30AM
A summary of trading in key commodities markets overseas:
World oil prices capped off an extremely volatile week of $US4 swings with solid gains on Friday, amid more encouraging news on China's economic soft landing and a jump in US consumer sentiment.
New York's main contract, West Texas Intermediate (WTI) for December delivery, added 98 cents at $86.07 a barrel.
Brent North Sea crude for December delivery rose $2.15 to $109.40 a barrel in London trade.
The gains left the WTI price $1.21 higher than a week earlier, while Brent put on $3.72 a barrel.
The rise came after Chinese economic data showed a pickup in activity just as the country's Communist Party meets to anoint a new generation of leaders.
On top of that, the University of Michigan's US consumer confidence index increased to its best level since July 2007.
Metals prices ended mixed on Friday.
December gold gained $US4.90 to settle at $US1,730.90 an ounce, December silver rose 35.90 cents to finish at $US32.599 an ounce and December copper fell 2.4 cents to $US3.4455 per pound.
December palladium fell $US3.30 to $US611.05 an ounce and January platinum ended up $US16.90 at $US1,559.40 an ounce.