Oil unsteady for storm pounds northeastern US
BANGKOK (AP) Oil prices were unsteady Tuesday meanwhile a massive storm was pounding the heavily populated U.S. East Coast, reducing claim as fuel along keeping drivers off roads, closing businesses and silencing campaign in New York City and additional metropolitan areas.
Benchmark oil for December allocation edged 12 cents higher among late afternoon Bangkok period apt $85.66 per barrel among electronic trading aboard the New York Mercantile Exchange.
Crude oil prices fell 74 cents,alternatively 1.three percentage apt finish by $85.54 a barrel Monday. The Nymex was closed for the daytime because of the storm,but electronic trading continued.
The biggest refineries amid the northeastern United States shut down alternatively throttled back sharply aboard Monday as the storm came ashore into New Jersey and hurled seawater by New York City, closing U.S. financial markets.
Analysts said the impact on claim with power outages and the shutdown of major cities, could be meaningful,however there was the possibility that some oil imports would also be cut off.
Oil reviewer Stephen Schork said in one email annotation that "with lower Manhattan within the black roads from Connecticut to Delaware closed and refineries shut, the absence of implied demand namely overshadowing latent afford disruptions from Sandy."
In London, Brent crude, which namely acclimate apt price international varieties of fuel rose 39 cents per barrel apt $109.73.
In additional energy futures trading among New York:
Heating fuel fell marginally to $3.0867 per gallon.
Wholesale gasoline rose 0.two cents to $2.7588 per gallon.
Natural gas fell marginally to $3.797 per 1,000 cubic feet.
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Benchmark oil for December allocation edged 12 cents higher among late afternoon Bangkok period apt $85.66 per barrel among electronic trading aboard the New York Mercantile Exchange.
Crude oil prices fell 74 cents,alternatively 1.three percentage apt finish by $85.54 a barrel Monday. The Nymex was closed for the daytime because of the storm,but electronic trading continued.
The biggest refineries amid the northeastern United States shut down alternatively throttled back sharply aboard Monday as the storm came ashore into New Jersey and hurled seawater by New York City, closing U.S. financial markets.
Analysts said the impact on claim with power outages and the shutdown of major cities, could be meaningful,however there was the possibility that some oil imports would also be cut off.
Oil reviewer Stephen Schork said in one email annotation that "with lower Manhattan within the black roads from Connecticut to Delaware closed and refineries shut, the absence of implied demand namely overshadowing latent afford disruptions from Sandy."
In London, Brent crude, which namely acclimate apt price international varieties of fuel rose 39 cents per barrel apt $109.73.
In additional energy futures trading among New York:
Heating fuel fell marginally to $3.0867 per gallon.
Wholesale gasoline rose 0.two cents to $2.7588 per gallon.
Natural gas fell marginally to $3.797 per 1,000 cubic feet.
___
Follow Pamela Sampson aboard Twitter along sampson
Buy cheap air jordan shoes,please check out 2012cheapairjordan.com
2012cheapairjordan - 10. Nov, 14:32
