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Friday crude oil futures ended slightly lower, as traders were uncertain Tropical Storm Gustav line, strength and the likely impact. Although Hurricane Gustav for the major oil-producing Gulf of Mexico platforms and refineries near the level of threat is the greatest over the past three years, but the storm's route is still not sure, it could not trigger a large-scale buying. NYMEX10, light, sweet crude oil futures fell 13 cents to 115.46 U.S. dollars / barrel, or 0.1 percent. ICE Futures Exchange Brent crude oil futures contract settlement price 12 cents to 114.05 U.S. dollars / barrel. Businesses and government agencies did not have any chances. Including British Petroleum (BPPLC), Chevron (Chevron Corp.) Ltd. and Royal Dutch Shell (Royal Dutch Shell PLC), the oil companies have time before the arrival of Gustav evacuating staff and reduce production. U.S. President George W. Bush (George W. Bush) Friday announced that Louisiana state of emergency. The New York Mercantile Exchange and ICE Futures Exchange will open Sunday in the electronic trading of petroleum products to enable market participants to Gustav before landing According to the latest information on the position adjustments. Monday, Labor Day (LaborDay) most of the time these days of electronic trading will continue. Since mid-July peak, the New York Mercantile Exchange, crude futures have fallen nearly 30 dollars, because the market worried about slowing demand and Saudi Arabia will lower oil production. Lehman Brothers (Lehman Brothers) Friday said in a report, Gustav the oil prices have rebounded, but once the Gulf of Mexico production recovery, the rebound in oil prices will soon end. NYMEX9 on RBOB gasoline futures fell 1.15 cents to 3.0099 U.S. dollars / gallon, or 0.4 percent. September heating oil futures fell 1.26 cents to 3.1700 U.S. dollars / gallon, or 0.4 percent. Two futures contracts expire on Friday.
http://ilovestocks1.blogspot.com/2008/09/lack-of-information-on-oil-prices.html
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