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Oil, gas prices slip as Hurricane Laura makes landfall

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Oil and gas prices dropped Thursday morning after Hurricane Laura made landfall in Cameron, Louisiana, as a Category 4 storm.

Investors fear flooding in the region could impact the flow of crude oil to other areas in the country, according to Fox Business.

Crude oil producers shut down more than 80% of Gulf of Mexico crude oil output in the days leading up to the hurricane hitting land.

Read more from Fox Business.

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