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<a href="http://www.accessmylibrary.com/coms2/summary_0286-21436996_ITM" title="Facts and information about Saudi comments boost oil stocks.">Saudi comments boost oil stocks.</a>
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Saudi comments boost oil stocks.
(From CBS Marketwatch (Stories))
Byline: Shannon Mitchell
SAN FRANCISCO (CBS.MW) -- European oil stocks had a nice bounce in U.S. trading Monday, following Saudi Arabia's announcement that it would urge its OPEC partners to ramp up production.
The Bank of New York European ADR Index closed up 0.82 points at 106.60.
BP rose 95 cents, to $52.47; Total gained $2.53, or 3 percent, to $93.03; Royal Dutch climbed 76 cents to $49.10; and Shell Transport & Trading added 82 cents to $43.10.
Earlier, Royal Dutch/Shell made another downward revision to proven oil reserves, sending the ...
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