Gulf Storm Threatens Refineries –

Tropical storm Bonnie help to send gasoline futures higher at the end of the week.  The hurricane season is just beginning with Bonnie being only the second named storm of the year.  Any significant storm in the Gulf region has the potential to disrupt refinery activity and send finished products higher in trading.  Crude oil could actually fall in price if refineries are disrupted for an extended period of time and crude production returns to normal.  The increased supply of crude would force the price lower.

To read a related Bloomberg article, please click here:

James Sutliff

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