Oil price falls after hurricane Laura

On Wednesday (02), the price of oil fell by more than 2%, after a reduction in demand for gasoline in the United States last week. In the USA, the barrel fell 2.9%, reaching US $ 41.51. Brent's price reached $ 44.43 a barrel, falling 2.5% ($ 1.15), after two days of high.
The fall was mostly due to the consequences of Hurricane Laura, which hit the American coast last week. The storm caused closure at several refineries, slowing production and causing an impact similar to Hurricane Katrina in 2005. As a result, crude oil inventories fell by 9.4 million barrels, totaling 498.4 million. The drop exceeded the expectations of analysts, who forecast a reduction of 1.9 million barrels. As a reflex, the demand for gasoline in the last week fell from 9.16 million barrels per day (bpd) to 8.78 million.


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