Perhaps as a precursor to what traditionally
has been a very active hurricane month in the Caribbean and
Atlantic, Tropical Storm Chris reared its head Aug. 1 and eyed the
northern Leeward Islands from Antigua north to Anguilla.
Chris, the third
named storm of the 2006 Atlantic Hurricane Season, had winds
nearing 60 mph, up from 40 mph earlier on Aug. 1.
warnings and watches were posted throughout the area for the next
24 hours. The center of the storm was expected to move near or over
the northern Leeward Islands early on Aug. 2.
In advance of the
storm, oil prices climbed Aug. 1 as energy traders feared that
Chris could further strengthen and possibly damage oil platforms
and refineries along the Gulf of Mexico coast.
"We are moving into a
very strong seasonal trend" for energy prices to move higher,
according to commodities analyst Mike Guido with Societe
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