Menu Laterale Completo
🇮🇹 ITA 🇬🇧 ENG
× 📱 DOWNLOAD APP OUR SERVICE

🟣HURRICANE BERYL IMPACTS OIL PRICES

🟣HURRICANE BERYL IMPACTS OIL PRICES

Day: Wednesday | Time: 17:09:38 Hurricane Beryl crossed the Caribbean before making landfall in Texas and being downgraded to a tropical storm, causing less damage than expected. Crude oil prices (CL=F, BZ=F) have decreased this morning following the storm. Vandana Hari, founder and CEO of Vanda Insights, discusses the pressures on energy prices during hurricane season, which is predicted to be tougher and more disruptive for oil production compared to previous years. Additionally, Hari highlights that fuel consumption decreases after a hurricane due to restrictions imposed on affected state residents. This combination of factors is impacting oil market sentiment.

Hurricane Beryl in Texas