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Katrina pushes prices higher

HURRICANE Katrina – one of the worst natural disasters to hit the United States – sent oil prices soaring to over US$70 per barrel this week and its aftermath seems likely to keep prices near that level for some time.

Katrina pushes prices higher

Katrina – one of the few Category 5 storms on record – tore through the Gulf of Mexico, savaging many oil and gas production facilities in the region before damaging levees and causing New Orleans to flood....

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