Storm Menacing Gulf Coast Pushes Oil, Gas in Opposite Directions
- Gas traders see hit to demand, oil traders eye supply impact
- Eastern Louisiana to Florida under hurricane warnings
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As Tropical Storm Gordon barrels toward the U.S. Gulf Coast, oil and natural gas futures are moving in opposite directions.
Natural gas futures fell 9.3 cents to close at $2.823 per million British thermal units, the biggest daily drop since early February. Crude futures, meanwhile, rose 0.1 percent from Friday after earlier climbing as much as 2.3 percent.