Commodities Agenda: Impact of Gustav and Ike (and a cameo from Lehman)

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Commodities Agenda: Impact of Gustav and Ike (and a cameo from Lehman)
      

U.S. crude futures have just settled down 5.4 percent at $95.71 a barrel. Turmoil in the stock market plays a role but early signs Hurricane Ike spared key energy infrastructure also weighed on prices. In Texas, Chris Baltimore writes “widespread power outages  were the key hindrance. Electricity is the lifeblood to Gulf coast refineries.”
Early [...]
         

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