Tuesday Landfall for Hurricane Ida
Posted on November 9th, 2009 by MoverMike
Oil companies start to shut GOM operations in preparation for hurricane Ida. Currently packing winds of 105 mph, Mobile. Alabama may be target for landfall sometime on Tuesday morning.
Ida “could be a mildly bullish event” if production gets shut in, said Toby Hassall, a research analyst at CWA Global Markets Pty in Sydney. “The market doesn’t have the same sensitivity to supply-side issues that it did a couple of years ago.”
Discussion Area - Leave a Comment