Gulf of Mexico Oil, Gas Producers Evacuate Ahead of Tropical Storm Barry, Helping to Spike Oil Prices
At a Glance Fifteen production platforms and four drilling rigs were evacuated Wednesday.Three other movable rigs were relocated out of the storm's path.The move has contributed to a 4.5 percent spike in crude oil prices. In anticipation of Tropical Storm Barry, oil and gas companies have begun evacuating offshore oil rigs in the Gulf of Mexico, a move that is contributing to a jump in oil prices. The U.S. Bureau of Safety and Environmental Enforcement said and four drilling rigs...