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Oil briefly topped $73 on September 10, with Brent settling up 2.3% at $72.92 and WTI at $69.72. Roughly 1.4 million bpd of Gulf offshore output remained shut after Hurricane Ida, and US-China trade hopes also lifted risk assets.
Hurricane-driven US supply tightness lifts crude, raising diesel and energy costs that flow through to feed transport and processing.
reuters.comJessica Resnick-aultSep 10, 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.
