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Markets Brace for Hurricane Season Turmoil

  • Location, number of storms point to an active hurricane season
  • More storms raise risks for energy, agriculture and property
2015's Hurricane Joaquin
Source: NASA
Updated on

With the heart of the Atlantic hurricane season near, two early tropical storms have raised fears that oil, natural gas, insurance and agriculture markets will face more weather-related peril as fall approaches.

Tropical Storm Don formed Monday about 485 miles (780 kilometers) east-southeast of Barbados, the second to emerge in the early stages of the 2017 hurricane season in an area typically most active in late August and September. Don, which was downgraded overnight Tuesday, is also the Atlantic’s fourth storm of the season, a milestone that usually isn’t crossed until Aug. 23.