Oil prices steady as storm fades
- added July 22, 2008
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- rwylie
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Oil prices have today levelled off at around $131 a barrel, after reports that Tropical Storm Dolly does not have the power to disrupt drilling in the Gulf of Mexico.
Europe's biggest oil company, Royal Dutch Shell, had said earlier that it would be evacuating its rig workers in the west of the area, but does not expect its prodiction to be affected by the storm.
However, oil prices are expected to continue to rise steadily, with the September contract price already at $131.86 a barrel.
Europe's biggest oil company, Royal Dutch Shell, had said earlier that it would be evacuating its rig workers in the west of the area, but does not expect its prodiction to be affected by the storm.
However, oil prices are expected to continue to rise steadily, with the September contract price already at $131.86 a barrel.
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