Oil prices up since opening for the week – potential hurricane getting narrative love

I posted very early this morning on the warning issued by the US National Hurricane Center (NHC):

• Oil traders heads up – NHC issues forecast Gulf of Mexico hurricane

That’s being cited in various reports for the oil price jump we’ve had since:

I’m not going betting the farm on hits, as I said in the news post earlier:

• Given the behaviour of the oil price any rally looks likely to attract offers

This article was written by Eamonn Sheridan at www.forexlive.com.