The price of oil rose slightly Friday as data showed the U.S. economy is muddling along and the East Coast prepares for a potentially damaging storm.
Benchmark oil rose 23 cents to end at $86.28 per barrel Friday.
Forecasters expect a so-called “Frankenstorm” to hit the East Coast beginning early Sunday with heavy rain, winds and perhaps snow lingering into Halloween. It has the potential to force refinery closures and delay delivery of imports.
More than half a dozen refineries could be in the path of the storm. Closures would cut into supplies of energy products such as gasoline and heating oil, which primarily is used in the Northeast to keep businesses and homes warm.
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