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We are edging close to hurricane season in the Atlantic basis and we might get an early start with two systems being monitored in the mid-Atlantics. The NHC sees a 60% of one system forming into a tropical cyclone (in orange) and a 10% chance of another. The second one is on a more-notable track for potential entry into the Gulf of Mexico while the other looks to be tracking north on a path that would usually take it to the North Atlantic.
The season this year could be particularly important for global petroleum product prices and LNG as the US is tapping reserves to shore-up global supplies. Any distruptions could be magnified.
This article was written by Adam Button at investinglive.com.
