Oil trims weekly ad­vance

The Pak Banker - - Front Page -


Oil fell for the first time in four days, par­ing a weekly gain in New York, as two re­finer­ies re­mained shut on the U.S. East coast in the af­ter­math of Hur­ri­cane Sandy. Brent crude slid a fifth day in Lon­don.

Fu­tures de­clined as much as 0.5 per­cent af­ter ris­ing the most in three weeks yes­ter­day. Phillips 66 and Hess Corp. (HES)'s New Jersey re­finer­ies, with a com­bined crude pro­cess­ing ca­pac­ity of 308,000 bar­rels a day, re­mained shut four days af­ter the At­lantic su­per­storm struck the area.

A re­port to­day may show man­u­fac­tur­ing in the euro area con­tracted for a 15th month, sig­nal­ing weak­en­ing fuel de­mand.

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