| Oil traded below $80 a barrel in New York for a third day as Tropical Storm Debby moved away from oil rigs and natural-gas platforms in the Gulf of Mexico. Futures were little changed after advancing as much as 1.2 percent.
Debby shifted eastward, according to the National Hurricane Center, taking it away from offshore energy installations. Companies including ConocoPhillips, Anadarko Petroleum Corp. and BP Plc had shut about 23 percent of output in the Gulf, the U.S. Bureau of Safety and Environmental Enforcement said...............................................Full Article: Source
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