Oil posts biggest weekly gains in over a year ahead of Hurricane Ida

Benchmarks rise over 10% in biggest weekly gains since June 2020

Shut in: Oil firms cut U.S. Gulf of Mexico output by 59% ahead of Ida — Shut in: Oil firms cut U.S. Gulf of Mexico output by 59% ahead of IdaPhoto: SHELL

Reuters

USA Louisiana West Texas Intermediate Baker Hughes Co Americas

Published 27 August 2021, 21:15Updated 27 August 2021, 21:45