Published: August 31, 2021
U.S. gasoline futures jumped after Hurricane Ida barreled ashore in Louisiana, disrupting processing facilities. Oil reversed early gains as local rigs may have escaped significant damage and the OPEC+ producers cartel is expected on Wednesday to endorse a supply increase.
Published: August 19, 2021
Crude futures extended the longest slide in five months after a surprise increase in U.S. gasoline inventories that signaled fuel demand may be under threat as Covid-19s delta variant menaces the economic recovery.