Crude Up $2 On Hurricane Gustav Fears

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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