Crude Remains Steady, Eyes Gustav
Crude oil is fully steady Thursday morning as meteorologists forecast Tropical Storm Gustav will be the most damaging since Hurricane Katrina as it moves toward production platforms in the Gulf of Mexico.
Gustav is expected to hit land Aug 31st/Sept 1st and could upgrade to a hurricane rivaling Rita and Katrina experts say.
Crude was us as much as $1.10/barrel in overnight trading and currently stands up 95 cents at $119.10/barrel.
Gustav is expected to hit land Aug 31st/Sept 1st and could upgrade to a hurricane rivaling Rita and Katrina experts say.
Crude was us as much as $1.10/barrel in overnight trading and currently stands up 95 cents at $119.10/barrel.
