Oil prices fall as Gustav hits US coast

Oil prices fell today as Hurricane Gustav hit the US coast at a weaker-than-expected strength.

Oil prices fall as Gustav hits US coast
Mon, 01 Sep, 2008 - 19:30

Oil prices fell today as Hurricane Gustav hit the US coast at a weaker-than-expected strength.

Light, sweet crude traded on the New York Mercantile Exchange dropped below $111 a barrel at one point after reaching highs above the $118 level earlier in the day.

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CourtsBusinessHeathrowPlace: USPlace: Gulf of MexicoPlace: LouisianaPlace: New OrleansPlace: LondonPlace: MississippiPlace: AlabamaPlace: South-EastPlace: CaribbeanPlace: SingaporePerson: GustavPerson: Victor ShumEvent: GustavEvent: Hurricane GustavEvent: Hurricane KatrinaEvent: KatrinaEvent: Hurricane RitaOrganisation: New York Mercantile ExchangeOrganisation: Royal Dutch ShellOrganisation: ICE Futures exchange
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