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Why Hurricane Beryl Hasn't Triggered Natural Gas Price Hikes So Far

Energy commodity prices experienced another session of declines on Tuesday, despite investor concerns over potential supply disruptions from Hurricane Beryl. The price of West Texas Intermediate (WTI) light crude, tracked by the United States Oil Fund (NYSE:USO), fell for the third straight session, dropping 0.9% to $81.5. Similarly, Henry Hub natural gas prices, represented by the United States Natural Gas Fund (NYSE:UNG), fell 1.1%, erasing Monday’s gains entirely. Minimal Impact Of Hurricane Beryl Hurricane Beryl made landfall in the southern United States on Monday morning as a category one hurricane, resulting in eight fatalities and disrupting power for over 2 million people in Texas. However, it was downgraded to a tropical storm shortly afterward. According to a Natural ...