Brent oil price up over $109 as Hurricane Sandy threatens partial operation shutdown
Published on October 30, 2012
by Oil News – Simon Walker
The price of European Brent oil opened Tuesday’s trading session firm over $109 a barrel as Hurricane Sandy threatens a partial operational shutdown in refineries on the US East Coast as the Hurricane it New York City late last night.
Latest Brent Oil Price News at Live Oil Prices
Latest Brent Oil Price
In London, ICE Brent oil futures for December 2012 delivery was trading at $109.58 a barrel, 09:02 GMT today on the ICE Futures Exchange, or 0.1 percent higher.
“Sandy looks to make a direct hit in the Northeast, so it’s very possible New Jersey and Pennsylvania refiners might engage in some defense and slow or shut some operations,” said John Kilduff, partner at Again Capital LLC in New York.
Related articles
About James SmithJames is a father of four and grandfather to four cute little bugs. He and his wife Beautiful Gorgeous, of almost 30 years, have been prepping since 2003.
View all posts by James Smith →
Google+
You must be logged in to post a comment Login