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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