Oil prices rise as storm forecasts boost Gulf outlook
Prices climbed as energy markets watched a developing tropical storm that could reach the Gulf of Mexico this weekend. Benchmark crude jumped to $79.30 a barrel on the NYMEX while natural gas and heating oil also posted advances.
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Gulf of Mexico
AAA
Wright Express
Oil Price Information Service
New York Mercantile Exchange
Caterpillar Inc
3M Co
UPS Inc
At&t Inc
National Hurricane Center
Miami
Puerto Rico
Haiti
Bonnie
Cap to stay on as storms loom over Gulf of Mexico
Federal oil spill chief Thad Allen says the temporary cap on BP's ruptured well can remain in place even if ships evacuate the gulf for a tropical storm. BP, Coast Guard and cleanup crews adjust plans as the storm threatens ongoing relief work and port calls.
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Gulf OF Mexico
Coast Guard Adm
Thad Allen
Allen
U.S. National Hurricane Center
Miami
Puerto Rico
Dominican Republic
Haiti
Bonnie
Gulf
Coast Guard
Paul Zukunft
Kent Wells
Tom Ard
Orange Beach
New York Times
the Times
Transocean
Lloyd’s Register Group
Associated Press
Lou Colasuonno
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