Oil Prices Jump 1% Amid Hurricane Francine Fears on US Output

Thursday, 12 September 2024, 01:20

Oil prices jump 1% due to fears surrounding Hurricane Francine's potential impact on US output. This rise follows a rebound driven by concerns over supply disruptions, while a bleak demand outlook restrains further increases.
LivaRava_Finance_Default_1.png
Oil Prices Jump 1% Amid Hurricane Francine Fears on US Output

Oil Prices Surge on Hurricane Fears

Oil prices jump 1% as Hurricane Francine raises concerns regarding US output disruptions. This increase is a result of market anxieties, reflecting a notable rebound in crude futures.

Supply Concerns and Demand Outlook

  • Hurricane Francine threatens US oil production.
  • Brent crude futures react to supply fears.
  • Heightened demand concerns restrict further price gains.

Market Reaction

As traders assess the potential impact of the storm on oil supply, the overall market remains cautious.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe