Crude Sinks Over $7 To $108/Bl After Gustav Less Severe Than Expected

September 2, 2008 7:37 AM EDT

Crude Check: Crude for October Delivery is down $7.19 to $108.27 on NYMEX with a day's range of $105.46-$118.25 after Gustav was far less severe than expected.

Natural Gas for October Delivery is down $0.678 to $7.265 on NYMEX, with a day's range of $7.237-$7.993.

Energy Related ETF: Energy Select Sector SPDR (AMEX: XLE), Oil Services HOLDRs (AMEX: OIH), United States Natural Gas (AMEX: UNG).


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Stocks Mentioned

OIH 67.20

-12.62 -15.81%
Volume: 17,048,305
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UNG 26.52

-1.79 -6.32%
Volume: 2,811,972
Track UNG

XLE 39.96

-5.64 -12.37%
Volume: 66,121,348
Track XLE


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