Oil prices mixed on U.S. alarms

According to latest news updates Oil prices mixed on U.S. alarms - Oil businesses are having mixed changes in prices this week resulting the ups and downs in last week’s trading.

Major oil firms Petron, Shell, and Seaoil are cumulative gasoline prices by 20 centavos per liter and kerosene prices by 15 centavos per liter by 12:01 a.m. on Tuesday, Oct. 6. They are also probable to roll back diesel prices by 10 centavos per liter at the same time.

Unimportant oil firm Eastern Petroleum Corp. has proclaimed that it will decrease the price of diesel product by 15 centavos per liter and will upturn the price of gasoline prices by P0.15 per liter at 12:01 a.m., Tuesday.

Hurricane Joaquin latest news updates

According to the news updates, When dumping heavy rain on the East Coast all weekend, Storm Joaquin is heading farther northeast, toward Bermuda. Joaquin, the third storm of this year’s Atlantic season, has weakened from a Category 4 storm to a Category 2.


Its maximum wind speeds have decreased from 130 miles per hour to 100 miles per hour. Bermuda is already suffering storm conditions, and the eye of the storm is expected to whirl past the British island land late Sunday night. The U.S. National Hurricane Center forecasts three to five inches of rain there, and says isolated tornadoes are possible. In the United States, Joaquin appears to have done its most horrible in South Carolina this weekend. More than 18 inches of rain in roughly 24 hours fell in the state, leading to severe flooding.


 Charleston got nearly one foot of rain on Saturday, contravention the city’s record for that day that was set in 1998. Three people have died as a result of the storm, and hundreds of of homes and businesses have flooded.