MELBOURNE : Oil prices barely moved on Friday even as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, with benchmark contracts on track to post weekly gains of around 4per cent as the output recovery is seen lagging demand.
As of Thursday, about 28per cent of U.S. Gulf of Mexico crude production remained offline https://www.reuters.com/business/energy/us-gulf-crude-oil-ramps-up-after-hurricane-losses-data-2021-09-16, two-and-a-half weeks after Hurricane Ida hit.
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