Finance

Oil settles up 3%, boosted by Mexican oil outage, US vaccine approval

Mexico offshore platform fire takes 400,000 bpd offline

Auction block: US to sell up to 20 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). The Bryan Mound storage facility in Brazoria County, Texas shown here is one of four SPR sites in the US.
Auction block: US to sell up to 20 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). The Bryan Mound storage facility in Brazoria County, Texas shown here is one of four SPR sites in the US.Photo: US DEPARTMENT OF ENERGY
  • Reuters
Published 24 August 2021, 21:38Updated 25 August 2021, 15:32
Oil PriceUSAMexicoUS Department of Energy