# Oil jumps nearly 3% as Gulf Coast storm forces output cuts

> Oil rose nearly 3% as Hurricane Sally shut more than a fifth of US offshore oil production and closed key export ports ahead of its Gulf Coast landfall. The storm's track shifted east toward western Alabama, sparing some refineries. Brent rose to $40.53 and WTI settled at $38.28, though weak demand outlook limited gains.

- Date: 2020-09-15 · published 2020-09-15T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/51283-oil-jumps-nearly-3-as-gulf-coast-storm-forces-output-cuts
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lost US Gulf production and port closures tighten crude and product supply, lifting diesel and energy costs for feed buyers. Weather-driven gains can fade quickly once output is restored.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2020-09-15 | 1 | +3.3% | 3.1 | Hurricane Sally shut over a fifth of US offshore oil output and closed export ports on Sep 15, a direct supply-disruption driver of the ~3% Brent rise that day. |
| WTI | 2020-09-16 | 1 | +3.9% | 3.1 | Hurricane Sally shut over a fifth of US offshore oil output and closed export ports, a supply disruption that lifted WTI, though the article dates it Sept 15 and the move ended Sept 16. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-12-23 | [Storm cuts U.S. oil, gas, power output, sending prices higher](https://feedsoft.ai/events/38414-storm-cuts-u-s-oil-gas-power-output-sending-prices-higher.md) | +3.3% | +3.0% |
| WTI | 2019-07-11 | [Oil slips 0.4% on dim OPEC demand forecast after early jump on Gulf of Mexico storm](https://feedsoft.ai/events/58264-oil-slips-0-4-on-dim-opec-demand-forecast-after-early-jump-on-gulf-of-mexico.md) | -6.2% | -15.3% |
| WTI | 2020-08-23 | [Oil Gains as U.S. Gulf Output and Refineries Halted Before Storm - Bloomberg](https://feedsoft.ai/events/51786-oil-gains-as-u-s-gulf-output-and-refineries-halted-before-storm-bloomberg.md) | +1.5% | -7.2% |
| WTI | 2026-01-23 | [US energy sector braces for winter storm as crude and natural gas output fall \| Reuters](https://feedsoft.ai/events/4761-us-energy-sector-braces-for-winter-storm-as-crude-and-natural-gas-output-fall.md) | +9.6% | +12.3% |
| WTI | 2024-09-12 | [Oil rises 2% as storm batters US Gulf of Mexico production](https://feedsoft.ai/events/10166-oil-rises-2-as-storm-batters-us-gulf-of-mexico-production.md) | +5.3% | +8.4% |
| BRENT | 2020-08-23 | [Oil Gains as U.S. Gulf Output and Refineries Halted Before Storm - Bloomberg](https://feedsoft.ai/events/51786-oil-gains-as-u-s-gulf-output-and-refineries-halted-before-storm-bloomberg.md) | +2.2% | -3.4% |
| BRENT | 2024-09-12 | [Oil rises 2% as storm batters US Gulf of Mexico production](https://feedsoft.ai/events/10166-oil-rises-2-as-storm-batters-us-gulf-of-mexico-production.md) | +5.1% | +9.0% |
| BRENT | 2020-10-27 | [Oil jumps more than 2% on U.S. Gulf shutdowns](https://feedsoft.ai/events/50819-oil-jumps-more-than-2-on-u-s-gulf-shutdowns.md) | -3.5% | +14.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/09/15/oil-markets-coronavirus-opec.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.