Oil prices hold steady<\/p>\n
LONDON (Reuter): Oil prices held their ground yesterday after
\na strong rally last week as traders in the key United States
\nmarket, back at work after the Independence Day holiday, digested
\nnews of a hurricane approaching Caribbean oil installations.<\/p>\n
August Brent was four cents down on the day at US$19.75 a
\nbarrel at 1512 GMT.<\/p>\n
The nascent hurricane season in the Atlantic may also provide
\na temporary boost to energy prices if refinery shutdowns prove to
\ndisrupt supplies of gasoline to motorists in the key United
\nStates market.<\/p>\n
The oil company Sun Co said yesterday it had shut its 85,000
\nbarrels per day (bpd) Puerto Rico refinery ahead of Hurricane
\nBertha's expected arrival. The refinery exports to the United
\nStates.<\/p>\n
Traders voiced concerns over possible disruption to operations
\nat the massive 425,000 bpd Amerada Hess refinery on St. Croix, a
\nkey source of gasoline for the U.S. market, after hurricane
\nwarnings were raised on the island.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/oil-prices-hold-steady-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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