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Crude Oil, Heating Oil, Gasoline Further Decline |
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12:18 AM ET September 23 2005 |
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Oil prices further declined as Hurricane Rita weakened to category 4, suggesting that the damage to the refinery capacity will be less than feared. Light sweet crude November delivery slipped $1.30 to $65.20 a barrel in late morning trading on the Nymex. Heating oil lost 8 cents to $1.96 a gallon, while gasoline slid 9 cents to $2.05. London Brent declined $1.28 to trade at $63.32. |
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