Oil prices climb on hurricane-induced output cuts


  • World
  • Wednesday, 16 Sep 2020

NEW YORK, Sept. 15 (Xinhua) -- Oil prices gained on Tuesday as an expected landfall of Hurricane Sally on the U.S. Gulf Coast disrupted energy production in the area.

The West Texas Intermediate for October delivery climbed 1.02 U.S. dollars to settle at 38.28 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery advanced 92 cents to 40.53 dollars a barrel on the London ICE Futures Exchange.

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