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

> Brent for October delivery fell 4 cents to $45.05 a barrel and WTI fell 7 cents to $42.97 before expiry. Both benchmarks still posted weekly gains of about 1.5%, with WTI up a fourth straight week after producers cut output ahead of Hurricane Laura.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/51781-oil-prices-dip-as-producers-refiners-avoid-worst-of-hurricane-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Hurricane-related production cuts are a temporary supply shock, and the price impact faded once operations were less disrupted. Energy costs remain a background factor for feed and transport margins.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-11-11 | [U.S. Natural Gas Prices Jump Over 10% After Hurricane Rafael Hits \| OilPrice.com](https://feedsoft.ai/events/7028-u-s-natural-gas-prices-jump-over-10-after-hurricane-rafael-hits-oilprice-com.md) | -4.8% | -2.9% |
| 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% |
| WTI | 2024-10-15 | [Prices of crops, oil bounce back from late summer lows \| The Western Producer](https://feedsoft.ai/events/27969-prices-of-crops-oil-bounce-back-from-late-summer-lows-the-western-producer.md) | -5.8% | -7.4% |
| WTI | 2021-02-23 | [Oil producers eye long road to recovery as Texas begins to thaw](https://feedsoft.ai/events/48811-oil-producers-eye-long-road-to-recovery-as-texas-begins-to-thaw.md) | -1.7% | -0.2% |
| WTI | 2026-01-16 | [Oil prices rise as supply risk remain in focus](https://feedsoft.ai/events/11394-oil-prices-rise-as-supply-risk-remain-in-focus.md) | +2.8% | +6.5% |
| 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 | 2021-02-23 | [Oil producers eye long road to recovery as Texas begins to thaw](https://feedsoft.ai/events/48811-oil-producers-eye-long-road-to-recovery-as-texas-begins-to-thaw.md) | -1.3% | -1.1% |
| BRENT | 2026-01-16 | [Oil prices rise as supply risk remain in focus](https://feedsoft.ai/events/11394-oil-prices-rise-as-supply-risk-remain-in-focus.md) | -0.3% | +5.7% |

## Sources

- reuters.com: https://www.reuters.com/business/oil-prices-dip-producers-refiners-avoid-worst-hurricane-2020-08-28/

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