Crude Moves Toward $120 As Gustav Intensifies
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Energy Check: With Gustav gaining speed again and prediction it could hit the key Gulf region as a category 3 or category 4 storm early next week, crude and natural gas are higher again this AM.
Crude for October Deliver is up $1.40 to $119.55 per barrel on NYMEX, with a day's range of $118.05-$119.89.
Natural Gas for October Delivery is up $0.074 to $8.683 on NYMEX, with a day's range of $8.49-$8.808.
Energy Related ETF: Energy Select Sector SPDR (AMEX: XLE), Oil Services HOLDRs (AMEX: OIH), United States Natural Gas (AMEX: UNG).
Crude for October Deliver is up $1.40 to $119.55 per barrel on NYMEX, with a day's range of $118.05-$119.89.
Natural Gas for October Delivery is up $0.074 to $8.683 on NYMEX, with a day's range of $8.49-$8.808.
Energy Related ETF: Energy Select Sector SPDR (AMEX: XLE), Oil Services HOLDRs (AMEX: OIH), United States Natural Gas (AMEX: UNG).
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