Watching for hurricanes, with an eye on oil prices

Wednesday, September 03, 2008

Oil refineries and rigs along the Gulf Coast escaped the major damage that followed Hurricane Katrina, and oil prices dropped to a five-month low. But Kevin Kerr, MarketWatch contributor and editor of the trading newsletter Global Commodities Alert, reminds us that this is just the start of a busy hurricane season. He says we’ll feel the effects of Gustav: the hurricane has caused evacuations and power outages, and that means oil production slowdowns well into next week.
Kevin Kerr, MarketWatch contributor and editor of the trading newsletter Global Commodities Alert

Contributors:

Corey Takahashi

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