Hurricane Gustav hits Haiti, raises oil prices

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Hurricane Gustav hits Haiti, raises oil prices

PORT-AU-PRINCE, Haiti (AP) - So far, there are no reports of flooding or
damage as Hurricane Gustav blows its way across Haiti.

The hurricane roared ashore with top sustained winds near 90 mph, about 40 miles from the capital of Port-au-Prince. Heavy rains are pelting the area, bending palm trees and kicking up the surf.

Government warnings to seek shelter went unheeded by hundreds of
people in the southern coastal town of Les Cayes. Residents hurled
rocks in a protest against rising prices as the storm approached.

The brunt of the storm spared the capital, where businesses closed early and workers rushed home holding umbrellas, bags and boxes over their heads against the rain.

Oil investors, meanwhile, fear the hurricane could eventually threaten the Gulf of Mexico's many drilling platforms. Traders on the New York Mercantile Exchange were caught off guard by how fast the storm grew. The price for a barrel of oil jumped $5 within minutes Tuesday morning.

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