Crude futures rallied Aug. 27 as US Gulf oil and gas infrastructure braced for Hurricane Ida, which is expected to make landfall in the US as a major hurricane Aug. 29. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX October WTI settled $1.32 higher at $68.74/b and ICE October Brent climbed $1.63 to $72.70/b. Upstream producers widely began shutting in oil and gas production from US Gulf of Mexico Aug. 27 following preliminary evacuations of nonessential crews a day earlier as Hurricane Ida advanced toward the Gulf – which is a major refining and processing center. NYMEX September RBOB settled up 1.88 cents at $2.2742/gal and September ULSD climbed 2.60 cents to $2.1092/gal. Ida was upgraded from a tropical storm […]