Monday, September 19, 2005

Oil companies evacuate. Oil prices jump.

Energy companies – still struggling to restore oil and gas platforms in the Gulf of Mexico after Hurricane Katrina – have begun shutting down operations and evacuating personnel in advance of Tropical Storm Rita.

Crude oil prices jumped 7 percent and natural gas prices closed 14 percent higher Monday in anticipation of further pinched oil and gas supplies.

Times Picayune

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