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Ernesto More Menacing For Orange Gold Than Black

Crude oil futures are rolling back nicely, following updated forecasts suggesting Ernesto may not be as much of a threat to Gulf energy assets as previously thought.

Gasoline and natural gas futures also fell sharply, and analysts said the downward trend was supported by rising supplies and indications of a weakening economy.

With weather forecasters predicting that Ernesto could strengthen to a hurricane and strike Florida, "it's more of a concern for orange juice futures," said Wachovia analyst Jason Schenker.

No word on how Mortimer and Randolph Duke are trading on the news.

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Ernesto More Menacing For Orange Gold Than Black

Crude oil futures are rolling back nicely, following updated forecasts suggesting Ernesto may not be as much of a threat to Gulf energy assets as previously thought.

Gasoline and natural gas futures also fell sharply, and analysts said the downward trend was supported by rising supplies and indications of a weakening economy.

With weather forecasters predicting that Ernesto could strengthen to a hurricane and strike Florida, "it's more of a concern for orange juice futures," said Wachovia analyst Jason Schenker.

No word on how Mortimer and Randolph Duke are trading on the news.