Crude oil prices rebounded towards the end of last week amid concerns that Tropical storm Karen would affect oil production in Gulf, home to 23% of US crude production, 5.6% of gas output and over 45% of petroleum refining capacity. The National Hurricane Center forecast that it would make landfall on Sunday on the southeastern tip of Louisiana.
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Weekly Fundamentals – Crude Rebounded as Tropical Storm Might Hurt Gulf Output
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