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Vol. 7, No. 42 Week of October 20, 2002
Providing coverage of Alaska and northern Canada's oil and gas industry


U.S. crude products surge: Rally in gasoline futures, jitters over weather, terrorism

OPEC members say cartel unlikely to increase production when it meets in December, tolerating overproduction by members to ward off future crude supply disruptions

by The Associated Press

Crude oil futures soared above $30 a barrel Oct. 14 on a combination of factors, including a rally in gasoline futures. On the New York Mercantile Exchange, nearby November crude oil futures gained 66 cents to settle at $30.03 a barrel. November heating oil rose 1.92 cents to close at 80.89 cents a....

    [additional news subjects in this story]

Terrorism a concern

Weather also a factor

Inventories expected to recover


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