Crude Spikes on Hurricane Florence
Ship & Bunker
September 11, 2018
Who was cited:
Fereidun Fesharaki, Chairman FGE
Pundits who forecast that only a geopolitical event would boost crude prices in an otherwise flat market didn't reckon on the might of a meteorological event such as Hurricane Florence: the so-called monster storm, which is expected to cause widespread devastation when it hits the U.S. East Coast on Thursday, caused oil prices on Tuesday to surge over 2 percent.