http://news.moneycentral.msn.com/pro...919&ID=5124686
New US hurricane threat sends energy prices
All Financial Times NewsThe threat of a new hurricane heading towards the Gulf of Mexico repeating the devastation caused by Hurricane Katrina sent oil, petrol and gas prices soaring on Monday and overshadowed the ministerial meeting of the Organisation of the Petroleum Exporting Countries.
Predictions that tropical storm Rita, gathering strength and expected to turn into a hurricane, might reach the Texas coast within the next week sent oil traders into panic mode: US and European benchmark crude oil prices rose by more than $3, and US natural gas prices hit new record highs.