Commodity market Crude Oil prices were up

[gnutrade.satya]

Oil prices were up after a weekend leak shut the Trans Alaska Pipeline and forced producers to cut output to about 5 percent of their daily average of 630,000 barrels. A government forecast for US heating demand to be well above normal this week helped US heating oil futures post the strongest percentage gains in the oil futures complex.Lawrence Eagles of JP Morgan said that from an engineering perspective, he doubted any shutdown would last more than two to three days. However, government inspectors are likely to want a more comprehensive understanding of the cause, adding that the outage could last a week or more as a result.