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vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Hurricane Gustav approaches US Gulf Coast

The Gulf of Mexico accounts for 26 percent of U.S. oil production and 14 percent of natural-gas output.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aosiZUG.lFaA&refer=home

http://edition.cnn.com/2008/US/08/31/gustav.energy.ap/index.html

Regards,
Vivek

vivek999 · White Belt Joined: 09 Jul 2007 Posts: 72

Hi Team,

If Hurricane Gustav is going to hit the US Gulf coast hard, there could be spike-up in Oil prices.

Punter Traders could use this as an opportunity for triggering the Circuit Breakers on Nifty.

Regards,
Vivek