MARKET WATCH: Oil, gas prices decline as Isaac diminishes

Crude oil and natural gas prices declined Aug. 29 even as the Obama administration talked of releasing oil from the Strategic Petroleum Reserve to compensate for the 1.3 million b/d of oil and 3.2 bcfd of gas production from federal leases in the Gulf of Mexico shut in when Hurricane Isaac hit the Louisiana coast.

Send this story to:

Enter the email address of the recipient.
Separate multiple addresses with commas.

Add your own personal message:

Enter your email address:

Note: Your email address is used only to let the recipient know who sent the story, and in case of transmission error. Both your address and the recipient's address will not be used for any other purpose.