Crude climbs 3% as Sally approaches US Gulf

摘要

Crude prices surged nearly 3% Sept. 15 as Gulf of Mexico operators shut in more than a quarter of offshore production ahead of Hurricane Sally. NYMEX October WTI settled $1.02 higher at $38.28/b and ICE November Brent was up 92 cents on the day at $40.53/b. US Gulf of Mexico producers have shut in roughly 27% of offshore oil and natural gas output ahead of the landfall of Hurricane Sally, which was slowly heading towards the Alabama coast Sept. 15, according to the US Bureau of Safety and Environmental Enforcement. At least 497,072 b/d of crude production, representing 26.87% of total offshore US Gulf output, was offline as of midday Sept. 15, BSEE data showed.