Melbourne — Oil prices rose in early trading on Thursday, regaining some of the ground lost in a 5% slump overnight, amid the prospect of tighter short-term supply with two-thirds of US output shut in the Gulf of Mexico as Hurricane Zeta slammed Louisiana.
US West Texas Intermediate (WTI) crude futures rose 29 US cents, or 0.8%, to $37.68 a barrel at 1.20am GMT, while Brent crude futures rose 25c, or 0.6%, to $39.37 a barrel...
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