Wednesday, September 16, 2026
Oil prices climb as two hurricanes shutter US offshore production -oilandgas360

Oil prices climb as two hurricanes shutter U.S. offshore production

Bloomberg Oil edged higher as production was disrupted by two storms approaching the U.S. Gulf Coast. Futures rose 0.8% in New York. Almost 58% of crude output, or more than 1 million barrels a day, in the Gulf of Mexico was closed as of midday Sunday. The storms Marco and Laura — the latter of which is forecast to become