The storm may hit Southern Florida, then the US Gulf Coast ; preliminary maps suggest landfall in Texas. Fear has caused crude oil prices to rise by $4 per barrel on Monday, in anticipation that Rita would cause more damage to the oil refineries around the . This was the largest single day price increase for crude oil in history. Prices dropped by $ 1 to $66 per barrel on Tuesday, eased partly by news that OPEC would supply 2 million barrels of oil per day in extra capacity to ease supply shortages.
The storm may hit Southern Florida, then the US ; preliminary maps suggest landfall in Texas. Fear has caused crude oil prices to rise by $4 per barrel on Monday, in anticipation that Rita would cause more damage to the oil refineries around the [[Gulf of Mexico]. This was the largest single day price increase for crude oil in history. Prices dropped by $ 1 to $66 per barrel on Tuesday, eased partly by news that OPEC would supply 2 million barrels of oil per day in extra capacity to ease supply shortages.
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$4 per barrel on Monday, in anticipation that Rita would cause more damage to the oil refineries around the . This was the largest single day price increase for crude oil in history. Prices dropped by $
$4 per barrel on Monday, in anticipation that Rita would cause more damage to the oil refineries around the [[Gulf of Mexico]. This was the largest single day price increase for crude oil in history. Prices dropped by $