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NEW YORK (AP) — Although Tropical Storm Don’s path is south of the main oil and gas producing regions in the Gulf, about 500 operating oil and gas rigs are in the storm’s path, says Rich Ilczyszyn, senior market strategist at brokerage service Lind-Waldcock. 

Oil companies with offshore platforms in the region—including ExxonMobil, BP and Anadarko Petroleum—have begun to shut some oil and gas production and evacuate workers. A sustained drop in production could bring higher oil prices and, if damage occurs, business interruption insurance claims.

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