Tim Noest
Tim Noest
affected crude fresh grade highly nigerian ongoing stability sweet therefore threat
The threat is fresh and direct, and therefore significant to the ongoing stability of the oil-rich region. The light, sweet Nigerian crude grade that could be affected is also highly attractive.
although change course days few hit hour jump katrina markets miles oil per quickly slight storm stronger winds
Wilma has very quickly strengthened to a storm with winds of 175 miles per hour -- that's stronger than Katrina and Rita. Although it's not on course to hit oil platforms, it's still a few days away and if there's a slight change in course to the west, markets will jump aggressively higher.