Travelers Corp is girding for
"significant" losses from Hurricane Michael, which caused
destruction in Florida and six other U.S. states this month,
Chief Financial Officer Daniel Frey said on Thursday.
Rising U.S. crude oil exports to
Europe and Asia have had a knock-on effect in the futures
market, turning the U.S. West Texas Intermediate contract into a
near-24 hour benchmark, exchange operator CME Group said.