US crude oil climbs more than $2 on fears of Hurricane Francine

After 40 past bullish weather events, Crude Oil (WTI) moved a median +1.6% over 5 sessions (63% higher; middle half -3.7% to +5.3%), and +6.1% over 20.

• Oct 27, 2020Oil jumps more than 2% on U.S. Gulf shutdowns-4.6%
• Oct 10, 2018Hurricane knocks out 42 percent of U.S. Gulf of Mexico oil output-4.0%
• Aug 28, 2020-Oil prices dip as producers, refiners avoid worst of hurricane | Reuters-3.6%
• Sep 12, 2024Oil rises 2% as storm batters US Gulf of Mexico production+5.3%
• Nov 11, 2024U.S. Natural Gas Prices Jump Over 10% After Hurricane Rafael Hits | OilPrice.com-4.8%

After 24 past bullish weather events, Crude Oil (Brent) moved a median +2.8% over 5 sessions (67% higher; middle half -1.9% to +5.2%), and +6.3% over 20.

• Oct 27, 2020Oil jumps more than 2% on U.S. Gulf shutdowns-3.5%
• Aug 28, 2020-Oil prices dip as producers, refiners avoid worst of hurricane | Reuters-3.5%
• Sep 12, 2024Oil rises 2% as storm batters US Gulf of Mexico production+5.1%
• Sep 13, 2024Oil Price Rally Steers Crude Towards Weekly Gain - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com+3.5%
• Aug 27, 2017Crude oil futures - weekly outlook: August 28 - September 1+1.1%