Melbourne — Oil prices were in a holding pattern on Thursday as a massive storm in the Gulf of Mexico raced towards the heart of the US oil industry, forcing oil rigs and refineries to shut, with little effect expected on supply as oil stockpiles remain high.
US West Texas Intermediate (WTI) crude futures fell 4 US cents, or 0.1%, to $43.35 a barrel by 1.48am GMT, erasing Wednesday’s slight rise...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.