Oil price advanced as Hurricane Delta shut down production

The price of crude oil has advanced from $37 above $41 in less than several days and the current price stands around $40.5. Hurricane Delta shut down most production in the Gulf of Mexico and this had a positive influence on the price of oil. Fundamental analysis: The global oil demand will return to pre-pandemic levels in 2022 The price of crude oil is again above $40 psychological level after the news that Hurricane Delta shut down most production in the Gulf of Mexico. Last week was very bullish for oil prices despite the fact that OPEC announced that global