Oil prices surge after Saudi Arabia's anticorruption crackdown

NEW YORK, Nov. 6 (Xinhua) -- Oil prices rallied on Monday, after Saudi Arabia arrested 11 princes and 38 sitting and former ministers and deputy ministers over corruption charges.

The West Texas Intermediate for December delivery rose 1.71 U.S. dollars to settle at 57.35 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery jumped 2.20 dollars to close at 64.27 dollars a barrel on the London ICE Futures Exchange.