Provided by 7DAYS.ae
US: Hurricane Ike, which has already shut down over a fifth of US oil production, could cause flooding along the Gulf of Mexico and cripple Houston, Texas, the fourth-largest US city. Storm disruption fears took US crude oil futures up 31 cents on Friday to $101.18 a barrel, after dropping below $100 for the first time since early April on concerns over economic weakness in the US.
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