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Oil Closes Above $66

Stock quotes in this article: VLO , XOM , WMB , OKE , GSF , COP , KCS , EWST  

Updated from 1:19 p.m. EDT

Energy prices closed higher Wednesday as strength in heating oil and natural gas distracted traders from a generally bearish report on U.S. fuel inventories.

Oil for November delivery closed up $1.28 to $66.35 a barrel in Nymex trading. On Tuesday, light sweet crude oil futures closed down 75 cents to $65.07 a barrel. Nymex heating oil futures rose about 3%.

"Markets are getting nervous again as restoration information comes in," said Mary Novak, managing director of energy services at Global Insight. "The good news we're hearing is being offset by some bad news on smaller but critical 'getting-the-whole-system-going' issues." ...

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