Oil prices that kept below US$60 a barrel for the first time in three months due to relatively mild temperatures in the US, have propelled over US$60 on worries of a colder winter in US and Europe. New York's main contract, light sweet crude for delivery in December, closed at US$61.78 a barrel. In London, the price of Brent North Sea crude for December delivery stood at US$60.52 a barrel.
The refineries in the Gulf of Mexico continue to recover. Thursday's shut-in oil production was 957,978 barrels of oil per day, the equivalent of 63.9% of the gulf's daily oil production.
04-Nov-05 
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