il dips on profit taking as hurricane-linked risk premium eases
The News Review:
- il dips on profit taking as hurricane-linked risk premium eases
- AMERICAS: VICIUS STRM SEASN MAY FLLW HURRICANE DEAN.
- Joe Lieberman Betrays Hurricane Katrina Victims
il dips on profit taking as hurricane-linked risk premium eases
Forbes – Aug 27, 2007
‘The addition or subtraction of storm premium will provide significant feature during the coming days’ said Jim Ritterbusch head of Ritterbusch & Associates. ‘Weekend updates suggest a lack of any major tropical storm developments in the distant Atlantic or Caribbean. As a consequence a further reduction in the hurricane price premium is likely. 47 pm London’s benchmark Brent crude contracts for ctober delivery were down 45 cents at 70. Meanwhile New York crude contracts for ctober delivery were down 31 cents at 70… 26 usd per barrel in WTI futures and 69 cents in Brent — over the Friday session has inspired some profit-taking this morning analysts said. Fears that gasoline supply could remain tight are continuing to support the energy complex. But with the premium attached to the hurricane risk easing on a dearth of fresh news and as Mexican supply disrupted by Hurricane Dean last week coming back on line prices were pressured lower. Dean the first hurricane of the season bypassed key oil refining installations in the US Gulf of Mexico but battered Mexico’s main oil-producing region in the Bay of Campeche. More than 18000 workers were evacuated from Mexican installations ahead of the storm though they were expected to have returned to work by Friday. il prices rose on fears production outages could be substantial. But Mexico’s state oil company Petrolos Mexicanos said over the weekend that it has restored four-fifths of its crude output from Campeche Sound and have reopened two of its three main oil exporting ports analysts said.
AMERICAS: VICIUS STRM SEASN MAY FLLW HURRICANE DEAN.
Free with registration – Interpress Service – AccessMyLibrary.com – Aug 27, 2007
“In addition to Dean the Caribbean region can expect two or three more major storms” Bell said. Major hurricanes are defined as Category Three or higher meaning winds of at least 178 kilometers per hour with storm surges ranging from 3 meters to 10 meters. The Atlantic hurricane season runs from June 1 to Nov. The National ceanic and Atmospheric.
Joe Lieberman Betrays Hurricane Katrina Victims
AlterNet – Aug 27, 2007
Joseph Lieberman said on Tuesday. The White House denies the allegations. Lieberman went so far as to suggest that the Department of Homeland Security is trying to kill the investigation. “My staff believes that DHS has engaged in a conscious strategy of slow-walking our investigation in the hope that we would run out of time to follow the investigation’s natural progression to where it leads” Lieberman said. “At this point I cannot disagree. “The Connecticut senator who is the ranking Democrat on the Senate Homeland Security and Governmental Affairs Committee further said no real reason is being given for the administration’s reticence.