Hurricane fears spark $1 rise in oil prices

OIL prices rose over $1 yesterday as Hurricane Rita threatened US Gulf of Mexico oil facilities, but rising fuel inventories helped ease concern of potential supply disruptions.

Hurricane fears spark $1 rise in oil prices
Thu, 22 Sep, 2005 - 01:00
Simon Webb

US light crude rose $1.15 to $67.35 a barrel.

The price was down from an earlier three-week high of $68.27.

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