TOKYO: Oil prices rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore oil and gas production and an industry report showed U.S. crude inventories decreased.
Brent crude rose 85 cents, or 2.1%, to $41.38 a barrel by 0645 GMT, while U.S. crude rose 92 cents, or 2.4%, to $39.20. Both contracts rose by more than 2% on Tuesday.
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