Oil and gas producers began shutting in U.S. Gulf of Mexico output and pulling workers off platforms on Tuesday ahead of a late hurricane season storm threatening offshore fields. The U.S. National Hurricane Center warned of steady to rapid intensification over the next 24 to 36 hours,

The National Hurricane Center forecast Tropical Storm Rafael to grow into the season’s 11th hurricane on Tuesday as it moved toward Cuba with winds and

Oil prices nudged higher as investors awaited the outcome of a close U.S. presidential election and considered how a tropical storm might affect oil output in the Gulf of Mexico. West Texas Intermediate (CL1:COM) rose 0.