Oil prices dropped more than 1% on Tuesday, marking the third consecutive day of declines, as Tropical Storm Beryl spared Gulf Coast production and refining infrastructure from significant damage. Beryl made landfall in Matagorda, Texas, as a Category 1 hurricane before weakening into a tropical storm and eventually becoming a post-tropical cyclone near Shreveport, Louisiana. The market reacted with a sense of relief as concerns about major production interruptions eased. Brent crude prices halted their 4-week rally as Beryl's impact was less severe than initially feared. While the port of Corpus Christi reported minimal impact from the storm, the port of Houston remained closed for damage assessment and repairs. The oil giant Shell is redeploying personnel to its Perdido platform in the Gulf of Mexico after shutting down production. Looking ahead, analysts warn of a potentially active hurricane season, which could impact refining margins. Severe weather could pose challenges, but recent drops in U.S. oil and gasoline inventories suggest a possible uptick in demand. Industry experts are eagerly awaiting the release of U.S. crude inventory data to monitor market trends.