Saturday, May 13, 2006

Impending hurricane season may push oil prices higher

Interactive Investor: Hurricane season to expose oil prices

Whilst damage from hurricane Katrina is still being repaired, there are 9 hurricanes forecast for the US this year, which could increase the price of a barrel even further. 'Crude oil prices are within $10 to $15 of the $80 to $90 price range executives think would likely trigger a recession.'

Posted by libitina @ 01:51 PM (638 views)
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