Summary
OIL prices jumped above $70 a barrel for the first time yesterday as Hurricane Katrina caused oil production facilities to shut down.
The storm in an area crucial to US energy infrastructure sent the price of light, sweet crude for October delivery up by as much as $4.67 to $70.80 in electronic after-hours trading in Singapore.See the full content of this document
Extract
Hurricane Blows Up Oil Prices
The price later slipped back to around $69, but the highe...
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