Raising concerns over decreased oil prices on Tuesday, amidst fears of supply disruptions due to hurricane Beryl hitting the south of the United States.
On one hand, the price of a Brent barrel set for delivery in September from the North Sea has lost 0.43% in September, that is, 83.38$. On the other hand, the American West Texas Intermediate (WTI) has marked a reduction of 0.51%, equivalent to 81.91$ for a barel planned for delivery in August.
Hurricane Beryl have crossed the Caribbean, carrying heavy rain and paving its way to Texas on Monday, leaving behind five deaths because of floods and cuts of power.
Nevertheless, the slight fell of prices was a relief, as the hurricane “caused less damage predicted” on the oil .infrastructure, and thus “fears of an impact on oil supplies have dissipated”, analysts say
