In this letter, we show for the first time the use of metal oxides as catalysts in the synthesis of single-walled carbon nanotubes (SWCNTs) using laser ablation. Further, SWCNTs have been synthesized at low temperature (down to room temperature), where their nucleation cannot be explained via fullerene nucleation. The data point to a nucleation mechanism previously not identified, that places a stable oxidized ring as the root cause for the growth of SWCNTs.