The oil complex turned lower Wednesday as a weaker emerging market outlook combined with cooling concerns regarding the expected impact of Tropical Storm Gordon. Receive daily email alerts, subscriber notes & personalize your experience. Prompt NYMEX October crude settled $1.15 lower at $68.72/b, while ICE November Brent settled down $1 at $76.90/b. Refined products were led lower by NYMEX October RBOB, which closed 2.94 cents lower at $1.9648/gal. October ULSD settled 2.02 cents lower at $2.2345/gal. IAF Advisors principal analyst Kyle Cooper said Gordon was not having any impact to Gulf Coast infrastructure and thus futures were relatively unmoved by the storm. “The storm hasn’t been an issue for us,” Cooper said. “Yesterday morning early you had some fear of more significant impact. But I haven’t seen nor heard of any reports indicating any structural damage.” Cooper said the minimal reduction in output released by […]