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Oil shrugs off threat from Dolly
 
Submitted By: World news on 2008-07-23
About the video: Jul 22 - Dolly was upgraded to a hurricane from a tropical storm but oil prices still fell due to small risk of disruption to Gulf operations.The Dow surged 135 points to 11,602. The S&P 500 gained 17 points to 1,277. The Nasdaq rallied 24 points to 2,303. Crude oil lost more than $3 to settle at $127.95 a barrel.

Conway Gittens reports from New York.
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