Oil prices stable despite Hurricane Laura lockdown
Oil producers have shut 1.56-million bpd of crude output, or 84% of the Gulf of Mexico’s production, evacuating 310 offshore facilities
27 August 2020 - 12:36
London — Oil prices were broadly stable on Thursday as a huge hurricane in the Gulf of Mexico made landfall in the heart of the US oil industry, forcing oil rigs and refineries to shut down.
Brent crude futures for October, which expire on Friday, rose 6c, or, 0.1% to $45.70 a barrel by 9.42am GMT. The more active November Brent contract was virtually flat at $46.17 per barrel...
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