Crude rises toward $104 a barrel as offshore oil rigs brace for Tropical Storm Karen

  • by: PABLO GORONDI , Associated Press
  • Updated: October 4, 2013 - 7:51 AM

The price of crude rose to near $104 a barrel Friday as offshore oil rigs in the Gulf of Mexico braced for Tropical Storm Karen. Investors were also keeping a close watch on developments in Washington D.C. as the partial shutdown of the U.S. government entered a fourth day.

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