http://www.bloomberg.com/apps/news?pid=20601101&sid=aCJFEo8AbYAM&refer=japan Oil Trades Little Changed as Hurricane May Miss U.S. Platforms
By Gavin Evans
Sept. 3 (Bloomberg) -- Crude oil traded little changed near a four-week high in New York on signs a hurricane approaching the Gulf of Mexico will miss U.S. oil facilities.
Felix, north of Colombia, is a Category 5 hurricane, the strongest on the Saffir-Simpson scale of storm intensity, the National Hurricane Center said in its latest forecast. On its current track, Felix may hit Belize on Sept. 5 before crossing into the southern Gulf. The Texas to Alabama coast accounts for a quarter of U.S. oil output and half its refining capacity.
``The market will be on its toes for a while,'' said Tobin Gorey, commodity strategist at Commonwealth Bank of Australia Ltd. in Sydney. If Felix ``changes track the price will go up.''
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