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COPYRIGHT 2005 Investor's Business Daily, Inc.
More Torrid Gains For Oil, Gas
1Oct. crude oil, which rose $1.07 Monday, tacked on $2.61 to $69.81 a barrel, a new high close, as damage reports rolled in. Sept. gasoline, set to expire Wed., soared 41.39 cents, or 20%, to $2.4745, as Gulf refineries will likely stay down for quite a while. Oct. heating oil rose 15.09 cents to $2.0850. Natgas roared ahead 52 cents to $11.659 per mil Btu, up 125% vs. 2004. More on this page
Katrina Toll Rises; Floods Spread
2Hundreds were feared dead along the storm-ravaged Gulf Coast. Two New Orleans levees broke, rapidly submerging the below-sea-level city,...
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