Crude oil and heating oil advanced to 27-month highs as the unrest in Egypt added to concern that supplies will be disrupted and a winter storm swept across the nation. Gasoline and ethanol advanced.
“This is all Egypt,” said Stephen Schork, president of the Schork Group Inc. in Villanova, Pennsylvania, who said a shutdown of the Suez Canal may disrupt as much as 4 million barrels a day of oil flow.
For more: Crude, Gasoline, Heating Oil Jump on Egypt Unrest: Oil Products - Bloomberg
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