Oil infrastructure on the Gulf Coast appears to have avoided substantial damage from the storm.
The port of Corpus Christi, a leading oil export terminal, has transitioned to post-storm recovery with no significant impact reported.📺 24/7 Chicago news stream: Watch NBC 5 free wherever you are
Beryl made landfall in Matagorda, Texas, on Monday as a Category 1 hurricane, but later weakened into a tropical storm. Beryl has moved inland as a tropical depression and is now north of Shreveport, Louisiana, according to the National Hurricane Center. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThe market's reaction to the storm has been"curiously muted," Evans said. But Beryl may serve as a warning of what is to come later in the season. Colorado State University has forecast anThe market is also looking ahead to the release of U.S. crude oil inventory data on Wednesday. Traders have been hoping U.S.
Macquarie, however, is forecasting that oil inventories dropped by 1.2 million barrels last week, with the total balance"only modestly tighter than we had anticipated," according to a Monday note.
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