Crude oil futures are surging on Tuesday as Hurricane Ian makes its way to the Southern United States and threatens energy output in the region. Oil prices have been in selloff mode, with crude falling to its lowest level in eight months. But is this a temporary bounce, or can crude prices climb back above $80 again? October West Texas Intermediate (WTI) crude futures advanced $1.77, or 2.32%, to $78.49 per barrel at 13:51 GMT on Tuesday on the New York Mercantile Exchange. WTI prices are down about 7% this week, paring their year-to-date gain to just 4%. In the third quarter, US crude has tumbled close to 30%. ... (full story)