Crude Up $2 On Hurricane Gustav Fears

August 27, 2008 8:59 AM EDT

Crude Check: Crude for October Deliver is up $1.96 to $118.23 on NYMEX this morning. The day's range is $115.64-$118.53.

Driving today's action is reports Hurricane Gustav could hit the key Gulf of Mexico region as a Category 3 or Category 4 storm.

ETF watch: Energy Select Sector SPDR (AMEX: XLE), Oil Services HOLDRs (AMEX: OIH), United States Oil (AMEX: USO).


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Stocks Mentioned

OIH 73.82

+6.62 +9.85%
Volume: 16,987,800
Track OIH

USO 41.00

+1.45 +3.67%
Volume: 11,464,330
Track USO

XLE 44.42

+4.46 +11.16%
Volume: 75,365,958
Track XLE


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