U.S. Oil Reserves Hit 40-Year Low As Hurricane Season Fires Up

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At a glance

  • The Atlantic hurricane season officially began on June 1.
  • However, until now, we’ve had an eerily quiet stretch of virtually no major storm threats to the Gulf of Mexico or the U.S. mainland.
  • But that could soon change as “Invest 98L,” currently swirling in the southeastern Caribbean, is predicted to go tropical and potentially enter the Gulf next week as a major hurricane.

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