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Energie & Management > Commentary - Commodities - Oil tumbles on weaker Rita effect
Commentary

Commodities - Oil tumbles on weaker Rita effect

Crude oil prices have come down from the recent highs as the weakened Rita did only limited damage to refineries. While gas was up on Friday, the underlying sentiment on the gas market was reported still as bearish. Coal firmed slightly opposed to carbon.
Oil was down more than two dollars at the end of last week as the hurricane Rita weakened and avoided the major refining areas of Houston. With reports of damages at two refineries, the overall damage appeared modest, according to Reuters. In New York, the WTI for November tumbled 2.31 to USD 64.19/bbl after trading in almost a three dollar range during the Friday’s session. Also the IPE

Montag, 26.09.2005, 08:46 Uhr
Redaktion
Energie & Management > Commentary - Commodities - Oil tumbles on weaker Rita effect
Commentary
Commodities - Oil tumbles on weaker Rita effect
Crude oil prices have come down from the recent highs as the weakened Rita did only limited damage to refineries. While gas was up on Friday, the underlying sentiment on the gas market was reported still as bearish. Coal firmed slightly opposed to carbon.
Oil was down more than two dollars at the end of last week as the hurricane Rita weakened and avoided the major refining areas of Houston. With reports of damages at two refineries, the overall damage appeared modest, according to Reuters. In New York, the WTI for November tumbled 2.31 to USD 64.19/bbl after trading in almost a three dollar range during the Friday’s session. Also the IPE

Montag, 26.09.2005, 08:46 Uhr
Redaktion

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