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Officials said the county and LIPA were near signing a contract settling the liability issues.
It fell back by day's end, with the June contract settling at $998.70, its highest nominal close, but below its inflation-adjusted peak, reached in the early 1980s after a series of wars, oil shocks and a deep domestic recession.
It's as if Andersen, still in the Enron spirit of things, was trying to buy a futures contract settling the claims.
Similar(56)
The August contract settled at $39.65 a barrel.
In New York, the December contract settled at $54.54, down 63 cents.
The June oil contract settled at $118.07 a barrel.
The December contract settled up 79 cents at $49.61 a barrel.
The contract settled at $44.41, a rise of $1.58, or 3.67percentt.
In New York yesterday, the next-month oil contract settled at $41.84 a barrel, up 40 cents.
The May futures contract settled up 10.75 cents, at $4.39 a bushel, and the December contract was up 9.75 cents, at $4.23.
On Monday, the benchmark crude oil futures contract settled at $71.49 a barrel, up $2.33 in trading on the New York Mercantile Exchange.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com