Oil rises on Covid-19 treatment progress as production shuts over storms
Energy companies shut more than 1-million bpd of offshore crude production in US Gulf of Mexico
24 August 2020 - 10:47
London — Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on signs of progress in development of a Covid-19 treatment.
Brent crude was up 32c, or 0.7%, at $44.67 a barrel by 9.53am. US West Texas Intermediate crude rose 31c, or 0.7%, to $42.65...
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