Crude oil futures drop, supply concerns persist

Power restored to one large Texas refinery, Bush administration says it would tap emergency supply of heating oil for Northeast

Brad Foss

Associated Press Business Writer

Crude oil futures retreated Oct. 3 after power was restored to a large refinery in Texas and the Bush administration said it was, in principle, prepared to tap an emergency supply of heating oil in the Northeast. But analysts said they did not expect fuel prices to fall sharply anytime soon because....

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Power back in Beaumont

Prices need to attract fuel imports