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Oil prices jumped on Sept 8 and settled up more than 1% as US Gulf of Mexico producers made slow progress restoring output after Hurricane Ida. Brent settled at $72.60 and WTI at $69.30.
Slow Gulf output restoration keeps US crude and diesel supply tight, raising energy and freight costs for feed buyers. The price effect is modest given the size of the disruption.
reuters.comLaura SanicolaSep 8, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
