Crude Oil Falls as Isaac Threatens Refinery Industry

By in Gold and Oil News | August 28, 2012 23:54 | Tags:

Crude oil futures declined on Monday as the refinery industry in the Gulf of Mexico seems in highly vulnerable due to Tropical Storm Isaac.

Crude oil futures contract for October delivery declined 0.7 percent or $0.68 to $95.47 per barrel on the New York Mercantile Exchange while touched its intraday high of $97.72 per barrel. The respective contract has closed in red zone for its third consecutive session.


Comments are closed.

Most Popular Content

Currency Articles - May 22, 2019 15:21 - 0 Comments

The Pound is in Freefall – When Will It Stop?

More In Currency Articles

Gold and Oil News - Jan 20, 2020 12:34 - 0 Comments

Gold Prices Holding Firm Above $1500

More In Gold and Oil News

Shares and Markets - May 13, 2019 11:15 - 0 Comments

FTSE Weaker in Q2 But Looking For Support

More In Shares and Markets