Hurricane Felix – Category 5 within 36 Hours
Normally I wouldn’t report on weather conditions but now that I understand how these massive storms affect investors, it’s worthwhile to at least throw a heads up. With Felix strengthening to a Cat. 5 hurricane by Labor Day, I would expect investors to be jittery with regards to oil and natural gas prices. Expect oil and natural gas futures prices to rise especially with the possibility of the hurricane pathing into the Gulf.
September 2, 2007 | Posted by Jorge
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