Crude falls as refineries remain shut

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Source: Forexpros
© Scanpix/AP
On Friday, crude oil was traded lower as 2 U.S. refineries have not resumed operations after Hurricane Sandy. On the Comex division of NYMEX, December delivery futures for light sweet crude were traded at $86.67, which was a fall of 0.48% during European morning trading hours. Yesterday, prices rallied more than 1%, following a report that showed a significant drop in oil inventories.
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Fri, 02 Nov 2012 10:18:26 GMT

U.K. construction PMI grew unexpectedly last month

Markit, a market research group, reported on Friday that British construction sector grew unexpectedly last month, but U.K. firms continued to be cautious about the future. The Markit/CIPS Construction Purchasing Managers' Index climbed to 50.9, the highest since July, compared to a reading of 49.5 in the preceding month. Analysts, however, expected that the index would be equal to 49.1

Fri, 02 Nov 2012 21:16:08 GMT

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