Natural gas rises on storm
Natural-gas futures closed nearly 2% higher Friday on concerns that Hurricane Ike may disrupt energy production for a long period by damaging refining infrastructure in the Gulf of Mexico region.
James Williams, an economist at WTRG Economics, said:
Hurricane Ike puts about 20% of the U.S. production of crude oil and natural gas in the Gulf of Mexico at risk.
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Sun, Sep 14, 2008
Post by Melissa Pistilli, Gas Senior Reporter