Brent crude rose 15 cents, or 0.2% to $73.66 a barrel by 0048 GTM, having gained 0.8% the previous day. U.S. West Texas Intermediate crude also climbed 23 cents, or 0.3%, to $70.68 a barrel, after rising 1.1% on Monday.Evacuations were underway on Monday from offshore U.S.
More than 40% of the U.S. Gulf's oil and gas output remained offline on Monday, two weeks after Ida slammed into the Louisiana coast, according to offshore regulator Bureau of Safety and Environmental Enforcement ."But market upside will be limited as U.S. summer driving season waned and there are potential supply increases from planned releases of oil from strategic reserves in the United States and China as well as the possible resumption of oil export by Iran," Kikukawa said.
The U.S. government agreed to sell crude oil from the nation's emergency reserve to eight companies including Exxon Mobil
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