Here’s the most recent forecast observe of the storm brewing within the southern caribbean. There’s nonetheless a variety of outcomes however nearly all of them now have the storm hitting some a part of Florida after crossing Cuba. The solely questions are the scale and magnitude.
For vitality markets, that is turning into much less of an occasion as a result of the overwhelming majority of manufacturing is within the central gulf and the refineries are in Texas and Louisiana on the coast.
WTI is down $4.70 to $78.79 at this time. It’s not just like the market wanted another excuse to promote oil with all the expansion worries.