Oil prices gained $0.72 will liked have upward pressure from hope that some of the financial mess will be cleaned up in a reincarnated Resolution Trust Corporation and downward pressure as the dollar gains strength on that news.
Ports are reopened with restrictions. Port of Corpus Christi has limited vessels to drafts of less than 20 feet in the Matagorda area. The Ports of Freeport, Galveston, Texas City, and the Houston Ship Channel are open at all times to vessels with a draft of less than 16 feet and open to deep draft vessels only during daylight hours. Vessels going through the rivers and channel into the Port Arthur area are limited to drafts of 30 feet or less at night and 36 feet for daylight. The Calcasieu Channel is limited to vessels with drafts of less than 39 feet for daylight transit and only 16 feet at all other times. The Lower Mississippi River is restricted todaylight transit only for vessels with drafts of 30 feet or less.
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