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Home >> Business
UPDATED: 12:31, October 22, 2005
Crude oil prices end higher while Wilma on way to US
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Crude oil prices ended higher Friday while the Hurricane Wilma is on the way to US.

New York's main contract, light sweet crude for delivery in December, rose 61 cents to 60.63 dollars per barrel in closing trades.

In London, the price of Brent North Sea crude for December also turned higher in late trade, gaining 57 cents to close at 58.48 dollars a barrel.

Hurricane Wilma hammered deserted resorts along Mexico's Yucatan peninsula with howling winds and torrential rain Friday, toppling trees and power lines as the center of the storm roared ashore, Wilma was still on track to spare the oil and gas production platforms and rigs concentrated in the central Gulf of Mexico. But the National Hurricane Center said that large swells could affect parts of the northern Gulf.

The federal Minerals Management Service reported that some 66 percent of oil production had been shut in the Gulf of Mexico, in the aftermath of recent hurricanes, compared with 61 percent a day earlier.

Source: Xinhua


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