Ann Koh and Alex Longley

Government, Business, Safety, Fuel

Oil Stuck Near $43 as Hurricane Laura Spares US Oil Industry

Hurricane Laura appears largely to have spared oil infrastructure in the Gulf Coast.

The CITGO Petroleum Corp. Lake Charles Refinery is seen in Louisiana on Aug. 26, ahead of Hurricane Laura's landfall. (Bryan Tarnowski/Bloomberg News)

Oil stayed in its recent tight range after Hurricane Laura swept through the U.S. energy heartland without appearing to inflict major damage on key infrastructure.

Ann Koh and Alex Longley | Bloomberg News

August 28, 2020