Rehearsals

Futures Soar on Concerns that Gustav is the ‘Real Deal’

After numerous dress rehearsals during this 2008 Atlantic hurricane season, Hurricane Gustav’s predicted path could land the system squarely into the oil and natural gas patch of the Gulf of Mexico as a Category Three hurricane on Saturday or Sunday. The news was enough to light a fire under natural gas bulls, who pushed the September contract higher on Tuesday to close at $8.278, up 45.3 cents from Monday’s finish.

August 27, 2008