LONDON — Commodities prices on Wednesday rose with crude oil hitting its sixth consecutive record high above $82 a barrel and spot gold approaching a near 28-year high of $730 an ounce troy. Base metals registered rises of between 2 and 10 per cent. Agricultural commodities were down on profit-taking and signals that some food importing countries, such as India, had bought enough cereals for their inventories. Crude oil jumped to a $82.51 after a larger-than-expected fall in US crude oil inventories last week. Worries about a potential tropical storm heading to the oil-rich Gulf of Mexico; investor covering of previous bearish bets, and the US Federal Reserve interest rate cut also helped to push up prices. In New York, Nymex October West Texas Intermediate rose to an intraday record high of $82.51 a barrel. It later pared gains and traded 29 cents lower on the day at $81.23 a barrel. The October contract will expire at the end of today’s trading. The most active Nymex November WTI contract rose to an intraday high of $81.11 a barrel and later traded 28 cents down at $79.94 a barrel. In London, ICE November Brent […]