On August 29, Eastern Time, Hurricane Ida landed in the coastal area of Louisiana, USA, causing major disasters in a short time: more than 1 million households and businesses were cut off; Mississippi River_ The coast of span7span is facing the threat of flooding; 90% of oil producers and 85% of natural gas producers in the Gulf of Mexico are forced to stop production.
Affected by the hurricane, on August 30, international oil prices fluctuated sharply. WTI crude oil rose 1.3% during the day; Brent crude oil rose 1.4% during the day, hitting the highest level in four weeks. However, as the power of "Ada" weakened, oil prices fell collectively at the close of the day.
Currently, Louisiana , the hardest-hit area in the United States, has begun to estimate the damage caused by Hurricane Ida. Energy companies are inspecting the condition of refineries, pipelines, and offshore oil platforms in the central Gulf of Mexico. Gasoline producers along the Mississippi River may quickly return to production.
Although the market has shown strong resilience, the energy, chemical, home improvement, railway and other industries may continue to be affected to varying degrees.
Hurricane "Ada" hit the United States. International oil prices once rose and hit a four-week high.
Source: China Business News
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