HAVANA -- Gustav swelled into a fearsome Category 4 hurricane with winds of 145 mph on Saturday as Cuba raced to evacuate more than 240,000 people and Americans to the north clogged highways fleeing New Orleans.
It could become a Category 5 storm over the Gulf of Mexico by Sunday, with winds of 160 mph according to the U.S. National Hurricane Center in Miami. Gustav already has killed 81 people in the Caribbean and it was on a course for the Katrina-battered U.S. coast.
(Source WSJ)
Oil traders around the world are closely tracking the strength and the direction of Gustav. This could mean a breakout or breakdown in Oil.
FOMC Projections
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