Oil rises for third day on supply concerns
Oil jumped for a third straight session on Wednesday to near $117 a barrel on growing supply concerns over Tropical Storm Gustav.
Tetsu Emori, a fund manager at Astmax Co in Tokyo, said:
I’m afraid (Gustav) could potentially cause an impact similar to hurricanes Katrina and Rita, although I certainly do not wish such things.
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Tue, Aug 26, 2008
Post by Mike Rodger, Oil Reporter