What's moving the oil markets?

"It will take some time for them to sort all the problems out in the US Gulf of Mexico. We do not expect much of the production to be coming back on-line straight away."

A London based broker said referring to the aftermath of hurricane's Katrina and Rita and the damage caused to oil operations. Read more...
http://www.platts.com/Oil/Resources/Whats%20Moving%20the%20Market/