Crude Rises a Second Day as Storm May Curb U.S. Gasoline Supply - report

By Midnight Trader,  November 06, 2012, 08:52:08 AM EDT

Crude rose for a second day in New York amid forecasts that U.S. gasoline supplies dropped after Hurricane Sandy forced the shutdown of East Coast refineries, Bloomberg reported.

West Texas Intermediate crude advanced as much as 0.9%. Gasoline supplies fell 1.5 million barrels, or 0.8%, to 198 million in the seven days ended Nov. 2, according to the median of nine analyst estimates before an Energy Department report tomorrow. The fuel advanced as much as 1.4% to US$2.6571 a gallon. U.S. voters decide today whether to return Barack Obama as president or elect his challenger Mitt Romney.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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