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Crude Oil Declines On Higher Gasoline Stocks |
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8:50 AM EDT October 20 2005 |
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Crude oil declined on news that gasoline stocks rose in the previous week and on eased concerns over Hurricane Wilma which appears to steer away from vulnerable oil production facilities in the Mexican Gulf. Light sweet crude November delivery fell 19 cents to $62.22 a barrel. Heating oil lost 1 cent to $1.9036 a gallon. Gasoline traded at $1.6800. London Brent December contract traded at $58.78. |
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