Hurricane keeps oil prices close to record high

Oil prices stayed close to record highs today as traders awaited reports on hurricane damage to key production and refining sites in the Gulf of Mexico.

Hurricane keeps oil prices close to record high

Oil prices stayed close to record highs today as traders awaited reports on hurricane damage to key production and refining sites in the Gulf of Mexico.

Crude oil for October delivery stood at $68.13 a barrel after peaking at $70.80 ahead of Hurricane Katrina reaching land on Monday.

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