Crude Oil rose to almost $78 on light trading and the increaed possibility of a storm in the gulf. The U.S. National Weather Center has identified a storm system that has a 40% chance of becoming a cyclone.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/news/2010-07-20/caribbean-system-has-a-40-chance-of-developing-into-cyclone-center-says.html
Jim Sutliff