Thursday, August 28, 2008

Possibility of Gustav turning back into a hurricane and hitting the Gulf

The Oct NYMEX crude oil contract rose to a high of $119.63 yesterday, although closing down a bit at $118.15, and is back up to $119.14 at 11:34 am GMT today on the possibility of Gustav turning back into a hurricane and hitting the Gulf. It has the potential to be as damaging as Katrina and Rita, although FEMA says the region is better prepared this time.

Bye For Now

Barbara Rockefeller

No comments: