HomeBusinessEnergy Sector, Oil, & Gas Stock NewsHurricane Beryl & Possible Recession: Impact on Oil Prices in 2024

Hurricane Beryl & Possible Recession: Impact on Oil Prices in 2024

Priced at a risk premium ahead of Hurricane Beryl, but that needed to be removed to account for the lack of significant damage to Texas’ oil infrastructure, notes Carley Garner. She and Tyler Richey discuss the outlook for oil. Richey highlights that the recession threat keeps longer term risks of further downside in play. They then forecast where oil prices will head in 2024.

The Watch List

10 Jul 2024

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