Crude oil prices eased Tuesday after a robust rally a day earlier, but markets remained concerned over possible troubles with oil products as refinery damage by Hurricane Rita is still being assessed.
While Rita inflicted less damage than expected, all crude output in the Gulf of Mexico was still shut down and at least 16 refineries in Texas were closed after the storm blew through over the weekend, according to the U.S. Department of Energy.
Light sweet crude for November fell 38 cents to US$65.44 a barrel in electronic trading on the New York Mercantile Exchange. It had risen US$1.63 to settle at US$65.82 in New York on Monday after U.S. President George W. Bush said it was unclear how much oil production would be lost from Rita, reports the AP.
The Russian Defence Ministry acknowledged that the Americans treat Russian military men in Syria with respect. The Americans always warn Russia accordingly, but not Israel
After the incident with the shootdown of the Ilyushin Il-20 reconnaissance aircraft over the Mediterranean Sea, Russia will supply an S-300 anti-aircraft missile system to Syria
Indeed, how dare they run US-independent policy? They should have followed the example of the European Union that turned independent states of the Old World into US-ditto entities