US Crude Oil Price and Analysis Bulls have failed at $84 as Beryl downgraded to tropical storm Refinery production on the Gulf Coast is reportedly re-starting The technical picture is cloudy but may point to further falls Download our brand new Q3 Oil Technical and Fundamental Forecasts: Recommended by David Cottle Get Your Free Oil Forecast Oil Prices were lower again on Tuesday on reports that Hurricane Beryl left crucial energy architecture in the Gulf of Mexico largely unscathed, easing near-term supply concerns. The area is usually responsible for just under half of all the United States’ oil output. Some production facilities were evacuated as the hurricane approached, l
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