Rising for the third consecutive day, oil prices touch US$118

As the fast approaching Tropical Storm Gustav poses the biggest threat to Gulf Coast energy production since Hurricanes Katrina and Rita in 2005, oil prices have risen for the third-consecutive day. A barrel of crude oil trading for delivery in October rose to US$118. Wednesday Concerns of refinery outages likely ramp up retail gasoline price as Americans hit the road for the long Labor Day weekend. Almost 20% of US oil and natural gas production are located in the Central Gulf Coast - the same area hit in 2005 by Katrina and Rita. Oil companies on Wednesday were evacuating some employees from platforms in the Gulf of Mexico.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha
Reclamax single step plastic recycling machine

Reclamax single step plastic recycling machine