Hurricane Outages Provide Temporary Relief For Oil Markets

Oil prices rose on hurricane outages on Tuesday morning, although the release of the OPEC and IEA monthly market reports did little to shake the long-term bearish sentiment in oil marketsChart of the Week-    The U.S. exported 5.2 billion cubic feet of natural gas per day (bcf/d) in 2019, up from 0.3 bcf/d in 2017.-    In the first three months of 2020, LNG exports averaged 7.9 bcf/d, a 98 percent increase year-on-year.-    But the pandemic-related supply glut hit hard after that. In June, the U.S. only exported 3.6…