Oil Prices Fall Over 1% as Hurricane Beryl Causes Minimal Impact

On July 9, 2024, oil prices dropped over 1% after news revealed that Hurricane Beryl caused less damage than anticipated, easing fears of prolonged supply interruptions. Brent crude futures closed at $84.66 per barrel, down $1.09, or 1.3%. Meanwhile, U.S. West Texas Intermediate (WTI) crude settled at $81.41 per barrel, decreasing by $0.92, or 1.1%. […]