US Gulf Coast cash crude prices rose only modestly despite storm premium.

摘要

At the end of the week to Aug. 21, the big new was the anticipation of Hurricane Marco, with Laura not expected to reach hurricane strength, but the storms' roles were reversed with Marco having less of an impact when it hit the US Gulf Coast on Aug. 24. While the impact of Laura was not as devastating as some meteorologists had predicted, the closures of 84% of GoM crude production and 12% of US refining capacity pushed prices higher early in the week. Prices then fell off after the storm passed on Aug. 27 with litde damage to oil infrastructure left in its wake.