Oil prices took a dip yesterday after the US government said it would tap its emergency reserves. But hurricane Katrina has made the oil market even more vulnerable to new supply shocks. Gas and carbon prices moved north yesterday while coal fell in value.
Crude oil for October delivery fell 87 cents to close at USD 68.94 a barrel yesterday, having traded in a 70.65-67.80 range during the day. At London’s IPE, Brent crude for October fell 55 cents to USD 67.02. The decline is largely attributed to a statement from the US government that it would release oil from the Strategic Petroleum Reserve. On the other hand, crude inventories fe
Donnerstag, 1.09.2005, 08:41 Uhr
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