Hurricane season is back, and oil markets are on edge as the earliest category 5 hurricane to form at this time of the year moves toward Jamaica.- As commodity markets started to talk politics following last week’s Biden-Trump debate, analysts seek to gauge the impact of US gasoline prices on voter satisfaction.
- Nationwide gasoline prices are 3-4% lower year-on-year, with US gasoline consumption trending lower this year, gasoline cracks being a hefty $10 per barrel lower than in 2023 and inventories some 12 million barrels higher.- However,…Oil Markets Are on Edge as Hurricane Beryl Barrels Towards Jamaica
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