Brent crude futures for October, which expire on Friday, fell US55 cents, or 1.2%, to settle at $45.09 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 35 cents or 0.8% to $43.04 a barrel. Oil producers on Tuesday had shut 1.56 million barrels per day (bpd) of crude output, or 84% of the Gulf of Mexico's production, evacuating 310 offshore facilities.
NEW YORK: Oil prices eased on Thursday as the market expected a quick recovery for production platforms shuttered ahead of a hurricane that churned through the Gulf of Mexico and slammed Louisiana.
Brent crude futures for October, which expire on Friday, fell US55 cents, or 1.2%, to settle at $45.09 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 35 cents or 0.8% to $43.04 a barrel.
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