United States  

Trusted News Discovery Since 2008
One News Page
> >

Tropical Storm Barry Approaches Louisiana - 3 Things to Know About Oil Prices

Video Credit: The Street - Duration: 00:35s - Published < > Embed
Tropical Storm Barry Approaches Louisiana - 3 Things to Know About Oil Prices

Tropical Storm Barry Approaches Louisiana - 3 Things to Know About Oil Prices

Tropical Storm Barry is approaching Louisiana, threatening to decimate a large chunk of the U.S. oil supply.

Brent crude oil prices rose 0.26% Friday, to $66.78 a barrel.

Here's what oil investors need to watch: Chevron , Exxon Mobil , British Petrolium and Royal Dutch Shell all evacuated staff from rigs in the gulf area.

The gulf area represents roughly 20% of all U.S. oil output, so a huge chunk of supply is threatened, bringing the price of oil up.

The International Energy Agency said oil demand growth will remain a key area of focus.

The agency mentions that as global manufacturing output has declined, an issue Federal Reserve Chairman Jerome Powell flagged in his hearing with Congress.

TheStreet's Martin Baccardax has the full story on Barry and oil.

BP is a holding in Jim Cramer's Action Alerts PLUS member club.

Want to be alerted before Jim Cramer buys or sells BP?

Learn more now.

0
shares
ShareTweetSavePostSend
 

You Might Like


Tweets about this


Recent related videos from verified sources

Markets Slip After Iran's Missile Attack [Video]Markets Slip After Iran's Missile Attack

Markets drop overnight after Iran's missile attack. Oil prices remain high but are below earlier barrel price spikes.

Credit: Cheddar Inc.     Duration: 00:19Published

Rising tensions with Iran impacting price of oil [Video]Rising tensions with Iran impacting price of oil

Rising tensions with Iran are impacting the price of crude oil, which impacts gas prices. Although the U.S. has seen minimal changes, oil analysts say that could always change.

Credit: Rumble     Duration: 01:01Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.