Oil Prices Surge To 4-Month High

SIMEX October Brent futures rose 82 cents to $21.60 a barrel in early trading from Friday's London close in response to UN Secretary General Boutros Boutros Ghali's announcement on Sunday that he would delay the oil-for-food plan until he could assess the situation in northern Iraq.

Singapore gas oil swaps soared 50 US cents per barrel in early trade.