View full page at energyexch.com

 

Oil prices rise amid Gulf of Mexico storm, Middle East tensions

From reuters.com

Brent crude LCOc1 futures were up 37 cents, or 0.6%, at $66.89 per barrel by 0115 GMT. The international benchmark settled down 0.7% on Thursday after hitting its highest since May 30 at $67.52 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures were up 34 cents, or 0.6%, at $60.54 a barrel. The U.S. benchmark closed 0.38% lower on Thursday after marking its highest since May 23 at $60.94. By Thursday, oil companies in the Gulf of Mexico had cut more than 1 million barrels per day (bpd) of output, or 53% of the region’s production, due to Tropical Storm Barry. The storm was forecast to become a category ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis