Gas Investing News » Natural gas rises on storm

Natural gas rises on storm

September 14, 2008 @ 11:15 pm In Gas Market News

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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