Oil Investing News » Crude oil falls as Hurricane Gustav weakens

Crude oil prices falls as Hurricane Gustav weakens

September 1, 2008 @ 12:02 pm In Oil Market News

Crude oil priced were down by more than $4 in very active trading on NYMEX ClearPort electronic exchange on Monday. The National Hurricane Center lowered the strength category of Hurricane Gustav from 3 to 2 on Monday morning, sending crude oil into free fall.

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[1] here: http://www.thestreet.com/s/crude-futures-fall-after-gustav-weakens/markets/energy/10435305.html?puc=googlefi&cm_ven=GOOGLEFI&cm_cat=FREE&cm_ite=NA