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Credit Pacific Service Union By Freddie Mooche

(AXcess News) The tropical storm that has now been lifted to hurricane status with 75mph winds is forecast to miss Gulf Coast oil and gas rigs as the21st storm of the hurricane season, named Wilma, is set to move toward Florida's coastline. The path of hurricane Wilma eased crude oil futures prices in the commodity trading pits in New York where Oil for November delivery was last quoted at $63.50, 30am EST Tuesday.

Credit First Service Union (AXcess News) New York - The tropical storm that has now been lifted to hurricane status with 75mph winds is forecast to miss Gulf Coast oil and gas rigs as the21st storm of the hurricane season, named Wilma, is set to move toward Florida's coastline.

Gasoline futures followed crude oil's decent in trading Tuesday with the NYMEX quoting wholesale gasoline at $1.735 a gallon, day trading. Heating oil was also down 5 cents at $1.93. Hurricane Wilma is centered approxamitely 245 miles southeast of Grand Cayman Island. The storm set a record for the number of tropical storms and hurricanes recorded for the Atlantic hurricane season, which has not been matched since 1933.

Card Credit Mobile Service The path of hurricane Wilma eased crude oil futures prices in the commodity trading pits in New York where Oil for November delivery was last quoted at $63.50, down 83 cents a barrel at 11:30am EST Tuesday.

. (AXcess News) Oil companies were evacuating workers from platforms in the Gulf of Mexico as Hurricane Rita moved slowly into the area Tuesday. Hurricane Rita had also concerned commodities traders in New York who drove crude oil prices higher beforedeclinging$1.39 a barrel to $66 Tuesday. Rita was a Category 2 hurricane as it approached the Florida Keys, and was expected to strengthen over warm Gulf of Mexico waters before striking land in Texas sometime Saturday. five percent of the nation's refinery capacity is in Texas.

Card Credit Discover Service The National Hurricane Center said Wilma is expected to hit Florida's southwestern coast this weekend. Prices on the New York Mercantile Exchange had surged yesterday over fears of hurricane Wilma moving into the Gulf of Mexico where production levels are only at 66 percent.

By contrast, the National Hurricane Center was forecasting at the same time a much more generalized landfall area somewhere between Biloxi, Miss., and Panama City, Fla.

Credit Public Service Union Gasoline futures followed crude oil's decent in trading Tuesday with the NYMEX quoting wholesale gasoline at $1.735 a gallon, down 8 cents in mid-day trading.

With Intel Corp. ( INTC) missing its earnings forecast by a penny Wednesday stocks moved lower on further consumer doubts but crude oil's continued decline bouyed the market from further declines.

Card Credit Processing Service Heating oil was also down 5 cents at $1.93.

Center Credit Service Union Hurricane Wilma is centered approxamitely 245 miles southeast of Grand Cayman Island. The storm set a record for the number of tropical storms and hurricanes recorded for the Atlantic hurricane season, which has not been matched since 1933.

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