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Hurricane Isaias reportedly shuts in 63% of Gulf oil production as Brent crude rises
A post reports 1.28 million barrels per day of oil and 57.35% of Gulf natural gas production shut in.
TLDR
One post reports that Hurricane Isaias shut in 1.28 million barrels per day of Gulf oil production, or 62.89% of current output, along with 57.35% of natural gas production. A separate market update says the storm put up to 11.2 million barrels of crude output at risk and that looming disruptions pushed Brent crude higher.
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