A FLASH FLOOD WATCH is in effect for Austin, Brazos, Burleson, Grimes, Houston, Lee, Leon, Madison, Milam, Montgomery, Robertson, San Jacinto, Trinity, Walker, Waller, and Washington Counties until 7am SUNDAY. 1" to 3" of rain, with localized totals between 5" & 7" will be possible as a slow moving, weak cold front arrives through early Sunday.
NEW YORK (AP) - Oil prices are tumbling, extending a massive
sell-off the previous day, after of the government reported that
U.S. crude supplies unexpectedly jumped last week.
Light, sweet crude for August delivery is down $6.44 at $132.30
a barrel in morning trading on the New York Mercantile Exchange.
The Energy Information Administration reported U.S. crude oil
supplies jumped by three million barrels last week. That is the
opposite of the three million barrel decline analysts surveyed by
energy research firm Platts expected.
Gasoline supplies also jumped unexpectedly.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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