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Over 40% of U.S. Gulf of Mexico oil output shut-in by Francine but little damage seen

Crude oil prices rose as Hurricane Francine disrupts production, but concerns over demand persist amid IEA's lowered growth forecast.

By: Seeking Alpha

Sep 13 2024
61
3172 Views

Over 40% of U.S. Gulf of Mexico oil output shut-in by Francine but little damage seen — Over 40% of U.S. Gulf of Mexic

Crude oil prices rose for the second straight session on Thursday, as Hurricane Francine forced many offshore wells to shut in production, but gains were capped by ongoing concerns over the outlook for crude demand. More than 730K bbl/day, or 42% of ... [2557 chars]

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