ENERGY:

Oil traded slightly lower on Friday in a market torn between the pressures of falling demand and worries over storms lurking in the Atlantic Ocean, analysts said.

Nymex for October fell 18 cents to $107.71, while Brent fell 10 cents to $106.20.

With more than 95% of U.S. oil production in the Gulf of Mexico still shut after Hurricane Gustav made landfall on Monday, traders were watching two other storms in the Atlantic, said Dave Ernsberger, Asia director in Singapore of global energy information provider Platts.

Analysts say Gustav did little long-term damage to oil industry infrastructure in the Gulf, the source of about one quarter of U.S. oil production.

But two other storms are on the horizon.

"I don't think traders are going to look to sell aggressively until the remaining threat from these storms has passed," Ernsberger said.

That's why I think oil will not hold it's bullish trend.Right now the hurricanes are preventing a bigger drop but after September things could be changing.

So how will this effect on CLL?Maybe good for MRC but bitumen price will also drop I think.What is the price right now compared to passed months?If they could ramp up to 10.000 then it will not have impact on results for Q3 .

About current stop?When did they say they have a stop.I thought it was in Q2 they had a stop and not now are am I missing something?