hurricanes in the oil-producing US Gulf Coast area in recent weeks, the worst since Hurricane Katrina in august 2005. US crude futures briefly dipped below US$100 a barrel last Friday, the first time since April, even as Hurricane Ike rained destruction on Texas state and the oil-producing offshore areas. Earlier, Hurricane Gustav had passed…
MARKETS: Oil prices soften despite devastating US Gulf Coast hurricanes
Posted on September 14, 2008 by EnergyAsia