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Oil prices and hurricanes

The Gustav tropical storm has passed over without much damage. The re-insurers (among which Warren Buffet’s one was one of the biggest) got a sight of relief last night, after the tornado has faded right before they hit the shores near Louisiana. And at a sign, the price of oil has dropped abruptly below $110 a barrel, going more down from the record level established in June 2008 ($145 a barrel or so).Read More »Oil prices and hurricanes