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Oil rises as Syria fighting intensifies; US worries over hurricane fade

October 2, 2015

Via: itCurated
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Crude prices rose on Friday as fighting in Syria intensified, but remained on course to end the week largely unchanged as a hurricane was seen as less likely to affect U.S. oil facilities.

Hurricane Joaquin, which on Thursday had prompted fears of storm damage to U.S. East Coast oil installations, was downgraded and is now seen as less likely to pose a major threat, the U.S. National Hurricane Center said.

Still, U.S. crude was 57 cents higher at $45.31 a barrel by 2153 EDT, after settling 35 cents lower in the previous session.