A resurrected Ivan startled the Gulf of Mexico oil and gas industry last week, reaching tropical storm status offshore Louisiana on Thursday with winds peaking at 60 mph and forcing some additional platform evacuations and more production shut-ins.
Startled
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Futures Climb 23.8 Cents in Technical Rally Spurred by Isabel, Winter’s Approach
Gas futures market observers were startled Wednesday when the October contract bolted 23.8 cents higher to $4.968 ahead of what many experts forecasted would be a large gas storage injection number in Thursday’s weekly EIA storage report.
September 11, 2003