Ida isn't even a Hurricane any more, but is still causing mischief as the Tropical Storm nears landfall, expected 6am Tuesday.
Ida lost strength after turning into a Category 2 storm yesterday, but still caused some Gulf-area oil facilities to shut down. The Louisiana Offshore Oil Port, a major offloading port for foreign oil was suspending oil deliveries via ship earlier today and will likely reopen late Tuesday as Ida passes. Also closing facilities was BP, announcing they were evacuating an undisclosed amount of their oil rigs and platforms.
Chevron, Exxon, and Anadarko Petroleum announced they were evacuating some crews, but had expected not to shut any production. Gale force winds were expected in the Gulf this afternoon, before arriving on shore later tonight.
Crude oil and wholesale gasoline prices were trading higher as a result of the concerns, but were also moving higher as the U.S. dollar continued to weaken against many major currencies.