Katrina and the Waves

Hurricane Katrina is sure to leave behind higher gasoline prices, strain the homebuilding sector and stretch insurers.
Crude oil prices leapt above $70 a barrel on the New York Mercantile Exchange Monday as trading started, driven up by Katrina fears. Prices retreated to close slightly above $67 after it appeared that Katrina's wallop, while devastating, wasn't the feared knockout. More...