Why Hurricane Season Is Sending Oil Above 85

Oil prices have surged past $85 a barrel, and it's not just geopolitics. This episode of Energy Economics with Fexingo looks at how an active Atlantic hurricane season is threatening Gulf of Mexico production, tightening supply at a moment when inventories are already low. Lucas breaks down the numbers: 85% of US oil output comes from federal waters in the Gulf, and the National Hurricane Center is forecasting 20 named storms this year, above the 30-year average of 14. He explains why markets are pricing in a 'storm premium' even before a storm makes landfall, and how traders are watching the same models as meteorologists. Luna asks whether this is a short-term spike or a structural shift, and Lucas points to the growing overlap between weather risk and energy policy. A must-listen for anyone trying to understand why your gas bill is going up this summer. #OilPrices #HurricaneSeason #WTI #Brent #EnergyMarkets #GulfOfMexico #CrudeOil #SupplyRisk #Commodities #WeatherRisk #Economics #FexingoBusiness #BusinessPodcast #EnergyEconomics #NaturalGas #Inflation #GasPrices #ClimateRisk Keep every episode free: buymeacoffee.com/fexingo