What happened to oil prices right after Hurricane Katrina?

How much did they spike? Can we expect something similar now?

Asked by Market101 in Commodities 3 months ago

Best Answer

371 points

TeachMeMore answered 3 months ago …

I don't think this is very relevant now considering Gustav wasn't even close to what Katrina was. But it seems the price of oil was already incorporating Gustav fallout and has since corrected -- hence,the lovely day we've been having in the market.

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Ethan, why so quick with the best response? I appreciate it but would have liked to hear some other thoughts.

EthanR answered:

Lol, sorry, the answer was so good, I just flagged it! And there already was one other response. Next time I'll wait longer....

What happened to oil prices right after Hurricane Katrina?

Best Answer

TeachMeMore answered 3 months ago …

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Ethan, why so quick with the best response? I appreciate it but would have liked to hear some other thoughts.

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