Oil is climbing with the intensification of Harvey Hurricane
Oil is climbing with the intensification of Harvey Hurricane

According to Reuters, the NHC said, “Hurricane Hurricane is growing in category 2 with rapid winds of 105 miles an hour, moving 220 miles (355 km) northwest of Corpus Christi in Texas.”

Energy companies shut down the coastal refinery on Thursday and halted drilling activity on the southern Texas coast. For this reason, crude oil prices continued to be supported until Friday with concerns about potential supply disruptions, WTI is trading at $ 47.77 with a gain of 0.72%, and Brent is trading at $ 52.50 with a gain of 0.85%.

NO COMMENTS

LEAVE A REPLY