Summary
NEW YORK -- Wall Street rallied Monday after Hurricane Katrina weakened, easing concerns about refinery outages along the Gulf of Mexico and pulling oil prices back from record highs.
Stocks opened lower but quickly rebounded as crude oil futures cooled after surging past $70 a barrel in early trading on news that the storm shut down about 8 percent of U.S. refining capacity. A barrel of light crude settled at $67.20, up $1.20 on the New York Mercantile Exchange.See the full content of this document
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Stock Watch: Wall Street Rebounds After Storm Weakens
Investors found some relief in reports that President Bush was mulling wheth...
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