Tom Kloza, an oil analyst at OPIS, said that the oil prices are expected to lower in the coming days due to the negative effects of the hurricane “Sandy”.

Hurricane “Sandy” Helps Lower Gasoline Prices (image from zmescience.com)

A number of gas refineries closed and stooped operations today because of power shut down due, basically, of the storm. However, there are still other refineries which remains open and continued operations but at minimal level.