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From: tejek	8/28/2005 11:21:51 PM
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Oil Soars to Record as Hurricane Katrina Shuts U.S. Production Aug. 29 (Bloomberg) -- Crude oil soared to a record above $70 a barrel in New York after Hurricane Katrina forced companies including Exxon Mobil Corp. and Chevron Corp. to shut operations in the Gulf of Mexico. Oil had its biggest gain in 29 months as Katrina may become the strongest storm to hit the Gulf coast since 1969. Hurricane Ivan last September cut oil output by as much as 1.4 million barrels a day, according to the U.S. Minerals Management Service. Natural gas, heating oil and gasoline all rose to records. continued........... quote.bloomberg.com

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