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Oil Rises To $64 On Supply Concerns |
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8:37 AM EDT October 12 2005 |
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Oil prices hover near $64 a barrel on IEA’s global demand outlook and winter supply concerns. Light sweet crude for November delivery gained 64 cents to trade at $63.99 a barrel on the Nymex. Heating oil rose nearly a cent to $2.0262 a gallon. Gasoline prices inched up to $1.8378. Natural gas advanced 7 cents to $13.592 per 1,000 cubic feet. London Brent added 46 cents to $60.54.
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