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Price of oil continued its rise yesterday amid predictions that gasoline inventories in the U.S. fell after hurricane "Sandy," which led to the forced closure of the refinery on the east coast.
Prices rose by 1.3%, after a survey showed that fuel stocks may have fallen by 1.5 million barrels to a level of 198 million barrels last week. If the findings are confirmed, it would be the first decline in the past four weeks. Recall that the official data tomorrow will provide the Department of Energy.
Note, Phillips (PSX) is planning to resume normal operation at the level of 238,000 barrels per day in the Bayway plant in two to three weeks after the repair equipment damaged "Sandy."
Hess said yesterday that it is partially restored production at the level of 70.000 barrels a day. At the same time, the three refineries in the state of Pennsylvania, Delaware and New Jersey back to work, but while revenge will hold prey in smaller amounts.
Note that the hurricane "Sandy" - the biggest in the history of the Atlantic storm, which led to a complete or partial halt of oil refineries with a total capacity of 1.17 million barrels a day.
December futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 85.05 dollars a barrel on the New York Mercantile Exchange.
December futures price for North Sea petroleum mix of mark Brent rose 20 cents to 105.76 dollars a barrel on the London Stock Exchange
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