Saturday, July 11, 2026

Gulf of Mexico Hurricane Season Quieter than Expected

As Tropical Storm Karen dissipated, so have concerns of what was previously expected to be a difficult hurricane season. After Tropical Storm Karen passed, the National Weather Service listed no coastal watches or warnings. Crude oil in the Gulf of Mexico (GOM) gained $0.90 to a premium of $4.00 per barrel more than West Texas Intermediate, according to data compiled