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Oil Prices Resume Rise

HeadlineSep 22, 2005

Meanwhile, oil prices have resumed their rise as six Texas refineries have been forced to shut down. A quarter of total US refining capacity is based in Texas, and the US government’s Energy Information Administration warned the hurricane could have a “substantial impact”. Energy companies ExxonMobil, Chevron and ConocoPhillips have ordered staff to leave platforms in the Gulf, which account for nearly a third of US oil output.

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