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Oil Prices Rise as US Production Slowly Resumes After Hurricane

September 13, 2024, 10.35 PM | Source: Reuters
Oil Prices Rise as US Production Slowly Resumes After Hurricane

ILUSTRASI. Oil prices rose more than $1 a barrel on Friday, extending their rally and putting crude on course for a weekly gain.REUTERS/Alexander Manzyuk

OIL PRICE - NEW YORK. Oil prices rose more than $1 a barrel on Friday, extending their rally and putting crude on course for a weekly gain on the back of output disruptions in the U.S. Gulf of Mexico after Hurricane Francine forced the evacuation of production platforms.

Brent crude futures were up $1.16 cents, or 1.6%, at $73.13 a barrel by 10:49 a.m. EDT (1449 GMT). U.S. West Texas Intermediate crude futures rose $1.24, or 1.8%, to $70.21.

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