Oil rises in Asia on worries about Hurricane Gustav (Oil-Prices)

SINGAPORE _ Oil prices in Asia rose Tuesday on concerns Hurricane Gustav may disrupt oil operations in the Gulf of Mexico.It`s hard to predict where Gustav will strike, said Victor Shum, an energy analyst with Purvin & Gertz in Singapore. But the market is reacting to it and edging up some.Light, sweet crude for October delivery was up 58 cents at US$115.69 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore. The contract rose 52 cents overnight to set read
NEW YORK (Reuters) - Hurricane Gustav strengthened slightly early Tuesday in the central Caribbean as it churned toward southwestern Haiti, the U.S. National Hurricane Center said in its latest report. read
MIAMI (Reuters) - Hurricane Gustav barreled toward vulnerable Haiti on Tuesday and appeared set to become a "major" storm later in the week as it neared the Gulf of Mexico where the United States produces a large amount of oil and gas. read
Hurricane Gustav continued to gain strength Tuesday and forecasters said it could become a Category 2 hurricane before hitting ... read
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