WTI Extends Gains After Across The Board Inventory Draws
From zerohedge.com
Oil prices ended largely unchanged on Tuesday as tropical storm Nicholas brought heavy rain and power outages in Texas but caused less damage to U.S. energy infrastructure than Hurricane Ida caused earlier this month. "The Gulf situation is not resolving itself quickly," said John Kilduff, partner at Again Capital LLC in New York. More than 39% of the U.S. Gulf of Mexico's production of crude and natural gas remained shut on Tuesday, the regulator Bureau of Safety and Environmental Enforcement (BSEE) said. Also of note was the fact that the, now infamous, Colonial pipeline, the largest U.S. fuel pipeline, partially ...
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