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 by Bloomberg. It’s the highest level since September 4, 2013.

BP Plc (ticker: BP), Marathon Oil (ticker: MRO), Chevron (ticker: CVX) and Anadarko Petroleum Corp. (ticker: APC) we...


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