We have been getting a massive injection (of investment fund money) in the energy markets. It is very clear from the price action that they haven't stopped.
The uncertainty in the Russian tax regime is definitely a problem. In my view however it is not greatly surprising. As barrel prices are far higher than anyone expected to expect these kind of deals - between companies and government - to remain stable isn't really possible.
The storm's track at the moment takes it through a different patch of the offshore oil production facilities to Katrina,
Even though most of the comments say it's an accident, this is the sort of event you see more during war time.
It is not unusual to lose Nigerian supplies but headlines of armed men attacking facilities explains this little rally.