​Oil Rises As Major US Refineries In Path Of Strengthening Gulf Storm – Tyler Durden

Oil Rises As Major US Refineries In Path Of Strengthening Gulf Storm Oil and gasoline futures moved higher early Monday as the National Hurricane Center tracked a potential tropical system that threatened parts of the US Gulf Coast later this week. The storm could slam into the upper Texas and Louisiana coasts, accounting for about 60% of US refining capacity.  Potential Tropical Cyclone Six, or Invest 91L, churns in the southwestern Gulf of Mexico early Monday and is forecasted to become a hurricane before it reaches the northwestern US Gulf Coast late Wednesday. The storm emerges right on time, at the peak of the Atlantic hurricane season.…  — Continue at ZeroHedge News : Read More