Oil Rallies on GOM Output Disruptions and Easing Market Volatility

Oil prices rose for the second day as storm Francine disrupted Gulf of Mexico production, halting 670,000 barrels per day, while algorithm-driven traders paused recent selling, pushing WTI to $69 and Brent to $72.

Sep 13, 2024 - 02:32
Oil Rallies on GOM Output Disruptions and Easing Market Volatility
Oil prices rose for the second day as storm Francine disrupted Gulf of Mexico production, halting 670,000 barrels per day, while algorithm-driven traders paused recent selling, pushing WTI to $69 and Brent to $72.

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