Brent crude rose to $46/bbl in September amid production issues caused by adverse weather, before rising Covid-19 cases pushed prices below $40/bbl by month-end.

After reaching a nine-month high of 1.347 on September 1st, GBP dropped to a low of 1.271 amid further UK lockdown measures causing fears for economic recovery.

After two major storms in August, Hurricane Sally forced 1.1mbpd of US Gulf Coast refining capacity offline in September, followed by flooding in Texas due to Storm Beta.