English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 09:26, September 29, 2005
Oil prices surge in New York amid supply worries
font size    

Crude oil futures surge above 66 dollars a barrel Wednesday as US claimed that its refinery capacity in Mexico Gulf could remain off line.

Light sweet crude for delivery in November, New York's main contract,jumped 1.28 dollars to 66.35 dollars per barrel in closing trading.

While gasoline futures climbed the most, prices remained more than 25 cents off the August record high. But heating-oil futures ended within 6 cents of the all-time peak of Sept. 1.

In London, the price of Brent North Sea crude for November delivery climbed 96 cents to close at 63.93 dollars per barrel.

The federal Energy Information Administration (EIA) warned that as much as 15 percent of US refinery capacity could remain off line for ``at least another couple of weeks.''

US inventory data came in better than expected but traders remained concerned about refineries offline following Hurricane Rita on Saturday, less than a month after Katrina.

Many traders expect next week's data to paint a more dire picture, since Wednesday's data didn't reflect the aftermath of last weekend's Hurricane Rita.

Source: Xinhua

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Oil prices fall as OPEC to supply more

- Oil prices surge as Hurricane Rita strengthens

- Oil prices fall slightly as hurricane downgraded

- Oil prices surge in New York amid worries for refinery capacity

Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved