-Oil prices dip as producers, refiners avoid worst of hurricane

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.

• Nov 11, 2024U.S. Natural Gas Prices Jump Over 10% After Hurricane Rafael Hits | OilPrice.com-4.8%
• Sep 12, 2024Oil rises 2% as storm batters US Gulf of Mexico production+5.3%
• Oct 15, 2024Prices of crops, oil bounce back from late summer lows | The Western Producer-5.8%
• Feb 23, 2021Oil producers eye long road to recovery as Texas begins to thaw-1.7%
• Jan 16, 2026Oil prices rise as supply risk remain in focus+2.8%

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.

• Sep 12, 2024Oil rises 2% as storm batters US Gulf of Mexico production+5.1%
• Feb 23, 2021Oil producers eye long road to recovery as Texas begins to thaw-1.3%
• Jan 16, 2026Oil prices rise as supply risk remain in focus-0.3%
• Sep 11, 2024US crude oil climbs more than $2 on fears of Hurricane Francine+6.3%
• Feb 15, 2021Oil hits pandemic high as winter storm pushes demand and poses production risk+0.7%