Crude Oil Prices Hover As Emily Weakens

Crude oil prices hovers in the $58 range in midday trading. The price opened at $58.35 this morning and shot up as high as $58.90 before dropping back to $58. Traders are anxious to see how Hurricane Emily will alter oil tanker traffic from Venezuela and Mexico.

Canadian Cattle Import Ban Lifted

Yesterday, a federal appeals court overturned a ruling that banned Canadian cattle from being imported into the United States due to mad cow disease concerns.