Business · Energy & Commodities · 2 days ago
Oil prices rise as Hurricane Isaias threatens Gulf of Mexico supply
Oil prices rose slightly as Hurricane Isaias moved toward the southern United States.
The storm could disrupt oil production in the Gulf of Mexico, though the size of any supply loss is uncertain.
Tensions and attacks affecting ships near the Strait of Hormuz have also raised concern about oil shipments.
These risks matter because disruptions can make oil harder to obtain and push prices up.
Oil prices rose slightly on Friday as Hurricane Isaias threatened possible disruptions to supply from the Gulf of Mexico.
Brent crude for December delivery gained 0.42% to $104.72 a barrel.
US West Texas Intermediate crude for November delivery rose 0.39% to $91.85 a barrel.
Hurricane Isaias was a Category 3 storm with maximum sustained winds of 195 km/h, located 310 km from Pensacola, Florida.
An analyst said the storm could lead to the loss of five to seven million barrels during the event.
- Who
- Oil traders responded to the storm threat and other market pressures.
- What
- Oil prices rose slightly amid concerns about possible supply disruptions.
- When
- Friday; the article was published on October 9, 2026.
- Where
- The Gulf of Mexico and the southern United States.
- Why
- The hurricane could disrupt crude supply, while tensions in the Middle East also put pressure on the market.
This story does not have two clearly opposing sides.
The hurricane is expected to cut supply of crude oil from the Gulf of Mexico
between five and seven million barrels could be lost during the event
these attacks have again led to an almost complete disruption of traffic
US President Donald Trump ruled out new attacks against Iran before the midterm elections in November.
Oil prices closed slightly higher as Hurricane Isaias approached the southern United States.
The National Hurricane Center said Isaias was a Category 3 storm located 310 km from Pensacola, Florida.
- Brent crude
- $104.72 a barrel; up 0.42%
- WTI crude
- $91.85 a barrel; up 0.39%
- Hurricane Isaias
- Category 3; maximum sustained winds of 195 km/h
- Distance from Pensacola
- 310 km
- Potential crude losses
- Five to seven million barrels during the storm event
Sources
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