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 NEW YORK (AP) - Crude oil futures fell sharply in an unusual Sunday trading session as it appeared that oil rig and refinery damage from Hurricane Rita was less than originally feared.
Oil prices had climbed steadily last week as Rita churned through the Gulf of Mexico as a category 4 hurricane, but fell Friday as the storm weakened before landfall early Saturday morning.
A barrel of light crude for November delivery was quoted at $63.10 in evening trading on the New York Mercantile Exchange, down $1.13. Trading was very light, and prices ranged from $62.65 to $63.44 as traders assessed the storm damage.
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