Oil Investing News » Oil rises for third day on supply concerns

Oil rises for third day on supply concerns

August 26, 2008 @ 10:57 pm In Oil Market News

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.

For more information, click here ^[1]

Article printed from Oil Investing News: http://oilinvestingnews.com

URL to article: http://oilinvestingnews.com/219-oil-rises-for-third-day-on-supply-concerns.html

URLs in this post:

[1] here: http://africa.reuters.com/wire/news/usnT20357.html