US snowstorm sparks demand for heating oil

A snowstorm in the north-eastern United States sparked a surge in demand for heating oil and pushed the price of crude to an eight-week high today.

US snowstorm sparks demand for heating oil
Mon, 24 Jan, 2005 - 11:50

A snowstorm in the north-eastern United States sparked a surge in demand for heating oil and pushed the price of crude to an eight-week high today.

Airports and roads were shut as 38 centimetres of snow fell in New York, while the states of Massachusetts, Rhode Island and New Jersey declared emergencies because of the blizzard.

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