Oil prices rise as Hurricane Delta enters US Gulf of Mexico


MELBOURNE/SINGAPORE: Oil prices rose on Thursday as oil workers evacuated rigs in the U.S. Gulf of Mexico ahead of Hurricane Delta, though fuel demand concerns persisted on fading chances for a U.S. economic stimulus deal and after a build in U.S. crude inventories.

U.S. West Texas Intermediate (WTI) crude futures rose 27 cents, or 0.68%, to $40.22 a barrel at 0649 GMT, after falling 1.8% on Wednesday.

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oil and gas , crude oil , WTI , Brent , API

   

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