Heavy Oil Investing News » Oil prices drops to more than $7

Oil prices drops to more than $7

September 2, 2008 @ 6:54 pm In Heavy Oil Market News

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.

For more information, click here ^[1]

Article printed from Heavy Oil Investing News: http://heavyoilinvestingnews.com

URL to article: http://heavyoilinvestingnews.com/215-oil-prices-drops-to-more-than-7.html

URLs in this post:

[1] here: http://money.cnn.com/2008/09/02/markets/oil/?postversion=2008090210