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Reply #63: Oil indexes hit all-time highs [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-05 11:06 AM
Response to Reply #3
63. Oil indexes hit all-time highs
http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38595.4933143403-841033634&siteID=mktw&scid=0&doctype=806&

NEW YORK (MarketWatch) -- The indexes tracking the oil and gas industry rallied to record highs Wednesday with investors betting on sustained high energy prices in the wake of Hurricane Katrina. The Amex Oil Index ($XOI) rose 2.7% to 1,011.42 points, the Amex Natural Gas Index ($XNG) added 1.9% to 393.10 points, and the Philadelphia Oil Service Index ($OSX) gained 3.2% to 171.29 points.

I'm certain that the oilmen in the WH are doing the happy dance.

:grr:
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