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Last Updated: Oct 28th, 2008 - 17:57:18 |
NEW YORK (Reuters) - Energy and commodities markets on Monday were watching a couple of low-pressure systems in the Atlantic Ocean that could develop into tropical depressions over the next couple of days.
A broad area of low pressure associated with a tropical wave over the central Atlantic about 825 miles east of the Windward Islands could develop into a tropical depression during the next couple of days as it moves west-northwest at 15 to 20 miles per hour, the U.S. National Hurricane Center said in its 2 p.m. EDT report.
Most weather models showed the Central Atlantic system would reach Hispaniola in about five days, after passing over the northern Leeward Islands and Puerto Rico.
In addition, the NHC said a large area of thunderstorms associated with a low pressure system about 400 miles southwest of the Cape Verde Islands could also develop over into a tropical depression over the next couple of days as it moves west at about 10 mph.
Most weather models showed the Cape Verde system would remain in the Atlantic over the next five days, close to the Lesser Antilles, which include the Leeward and Windward islands.
The Leeward Island include the Virgin Islands, Anguilla, Saint Martin, Saint Kitts, Nevis, Barbuda, Antigua, Montserrat and Guadeloupe. The Windward Islands include Martinique, Saint Lucia, Saint Vincent and the Grenadines, Grenada and Dominica.
If either system strengthens into a tropical storm, with winds of 39 to 73 miles per hour, the NHC will name it Fay.
Energy traders watch for storms that could enter the Gulf of Mexico and threaten U.S. oil and gas production facilities.
Commodities traders likewise watch storms that could hit agriculture crops like citrus and cotton in Florida and other states along the Gulf Coast to Texas.
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