Oil Futures Climb as Idalia Strengthens Into a Hurricane
Oil futures climbed on Monday as traders eyed potential disruptions to crude production in the Gulf Coast, which accounts for over 47% of total U.S. petroleum refining capacity, according to the U.S. Energy Information Administration (EIA).
Tropical Storm Idalia strengthed into a hurricane Tuesday and is expected to make landfall in Florida by tomorrow. Idalia may produce tornadoes along the west central Florida coast today and could intensify to a Category 3 hurricane, according to the National Hurricane Center. Category 3 is considered a major hurricane with sustained winds of at...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required.
Password is required.