Hurricane Ida

Protests in Libya, Hurricane Ida support oil rally

Protests in Libya, Hurricane Ida support oil rally

Oil prices rebounded early on Wednesday, rising by more than 1 percent, as nearly 80 percent of the total crude oil production in the U.S. Gulf of Mexico remains shut-in more than a week after Hurricane Ida made landfall in Louisiana

OPEC + may reduce output on September 1

OPEC + may reduce output on September 1

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed higher on Friday as oil companies raced to evacuate employees from offshore infrastructure ahead of hurricane Ida, prompting shutdowns at their facilities in the Gulf