The ten most expensive natural disasters of the last decade took place over the last five years.
U.S. West Texas Intermediate (WTI) crude futures rose 27 cents, or 0.4%, to $68.62 a barrel at 0204 GMT, after sliding 1.4% on Tuesday following the Labor Day holiday.
In a region that had been warned about potentially deadly flash flooding but hadn't braced for such a blow from the no-longer-hurricane, the storm killed at least 45 people from Maryland to Connecticut on Wednesday night and Thursday morning.
New York City Mayor Bill de Blasio described the flooding and weather on the night of September 1 as a "historic weather event," and the National Weather Service issued a flash flood emergency in New York City for the first time.
Ida slammed into the southern state of Louisiana over the weekend, bringing severe flooding and tornadoes as it blazed a trail of destruction north.
Ida ravaged the region’s power grid, leaving the entire city of New Orleans and hundreds of thousands of other Louisiana residents in the dark with no clear timeline on when power would return.
U.S. West Texas Intermediate (WTI) crude futures were down 41 cents, or 0.6%, to $68.80 a barrel at 0245 GMT, reversing most of Monday’s gains.
Hurricane Ida slammed into the Louisiana coast as a Category 4 storm and was downgraded to a Category 3 by evening -- the same strength Katrina was when it came ashore in 2005.