Energy prices remain volatile

11/14/2005
Energy prices were volatile during the week ended Nov. 4 as traders reacted to reports of increased crude stocks, warmer-than-normal weather, and continued recovery of storm-damaged oil and gas production and processing facilities along the US Gulf Coast.“Oil prices finished down just slightly after a volatile week with a greater-than-anticipated build in US crude and gasoline inventories along with a smaller-than-expected drop in distillate inventories pushing [West Texas Intermediate] spot prices to a 3-month low at midweek. However, oil prices rebounded after job data, even though weaker than expected overall, revealed stronger-than-expected gains in the construction, manufacturi...
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