Gustav Spares Oil Facilities in US Gulf Coast
62 views · Published 4 September 2008 · 1:52 · Indexed 20 September 2026
Channel: Voice of America · 2008 · News & Politics
Crude oil prices dipped below 109 dollars a barrel Wednesday after oil companies reported no serious damage to installations in the Gulf of Mexico. The threat of disruptions from Hurricane Gustav sent prices sharply higher last week. Some economists say oil prices could fall further as investors shift their attention back to the slowing demand for oil. But analysts warn the hurricane season isn't over yet. VOA's Mil Arcega has more.
