Brent-WTI Oil Price Spread Inverts
Rigzone's regular market watchers focus on the inversion of the Brent-WTI oil price spread, the start of the U.S. hurricane season, gasoline prices and mor...
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Rigzone's regular market watchers focus on the inversion of the Brent-WTI oil price spread, the start of the U.S. hurricane season, gasoline prices and mor...
The Atlantic hurricane season starts on June 1, and the Gulf of Mexico is already warmer than average. Even more worrying is a current of warm tropical water that is looping unusually far into the Gulf for this time of year, with the power to turn tropical storms into monster hurricanes.
It's called the Loop Current.
The Loop Current, and it’s the 800-pound gorilla of Gulf hurricane risks. It can spell disaster for folks along the Northern Gulf Coast, from Texas to Florida.
A loop of warm water in the Gulf of Mexico could aid tropical formation under the right conditions.