Oil prices rise amid concerns over supply outages


  • World
  • Friday, 09 Oct 2020

NEW YORK, Oct. 8 (Xinhua) -- Oil prices climbed on Thursday as traders grew concerned over production disruptions in the Gulf of Mexico due to Hurricane Delta and in the North Sea due to the strike in the Norwegian oil industry.

The West Texas Intermediate for November delivery rose 1.24 U.S. dollars to settle at 41.19 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery increased 1.35 dollars to 43.34 dollars a barrel on the London ICE Futures Exchange.

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