| Bloomberg: Crude oil in New York plunged, heading for the lowest close in 18 months, as mild U.S. weather curbed heating-fuel use. Home heating demand in the Northeast, where four-fifths of U.S. heating oil is used, will be 40 percent below normal through Jan. 11, forecaster Weather Derivatives said today. The decline accelerated after the Energy Department reported that U.S. fuel supplies surged last week. Prices are down 8.9 percent in New York, the biggest two-day drop since Dec. 1 and 2, ... |
