Oil prices drops to more than $7
Oil futures dropped to more than $7 a barrel on Tuesday after Hurricane Gustav hit the Gulf region with less force and apparently less damage than initially estimated.
Cathy Landry, a spokeswoman for the American Petroleum Institute said:
We’re still in assessment mode, but so far, things are looking good.
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Tue, Sep 2, 2008
Post by Melissa Pistilli, Heavy Oil Senior Reporter