Crude oil prices fell slightly Thursday as the National Hurricane Center downgraded the storm
Crude oil prices fell slightly Thursday as the National Hurricane Center downgraded the storm to Category 4 from Category 5.
Light sweet crude for delivery in November, dipped 30 cents to $66.50 per barrel at the closeafter trading above $67 for much of the day.
Brent North Sea crude for November delivery eased 13 cents to close at $64.60 per barrel.
The US National Hurricane Center down graded Hurricane Rita to Category 4 storm from Category 5, but warned it is still "extremely dangerous" and packing winds of 150 miles (240 kilometers) an hour.
Rita is projected to make landfall Saturday between the Louisiana border and Corpus Christi, Texas - the heartof US oil production.