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Oil - USA - Crude Prices Climb Toward $68 a Barrel
As Hurricane Rita Advances on Texas
SINGAPORE -ABC News/Associated Press, by EN-LAI YEOH -Sep 22, 2005 (:-/ Crude oil prices climbed toward $68 a barrel Thursday as Hurricane Rita closed in on Texas, raising fears it would hit key production facilities along the U.S. Gulf Coast that were largely untouched by Hurricane Katrina's onslaught three weeks ago... The U.S. Minerals Management Service said Wednesday that 469 platforms in the Gulf are unstaffed, up sharply from 136 on Tuesday. More than 73 percent of oil production in the region was blocked, up from 58 percent Tuesday... The head of the U.S. Energy Information Administration, Guy Caruso, criticized OPEC for constraining production to keep prices high days after the oil cartel pledged to make available an additional 2 million barrels daily to cope with high demand...
posted by Unknown @ 10:37 AM
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