Hurricane Isaias Poses Strong Threat to an Already Pressured Energy Trade

By Schwab Network

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A hurricane threat in the Gulf of Mexico poses a significant risk to an already pressured crude oil trade, says Ellen Wald. Refineries struggling to maintain supply coming face-to-face with Mother Nature create a perfect storm against the energy trade. Ellen explains how oil production will be impacted by the big storm. Jake Hanley notes that 9% of global refineries are already offline due to conflicts between the U.S. and Iran, along with Ukraine and Russia. He then discusses the floor of support that exists for crude oil and the path to recovery he sees for supply. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa0