Oil prices edge up on Gulf of Mexico storm

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The story "Oil prices edge up on Gulf of Mexico storm" was covered 2 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 2w ago

Oil prices edge up on Gulf of Mexico storm - The Star

Quick Summary:

Oil prices edged up about 1% on Tuesday with a storm expected to cut US output in the Gulf of Mexico and as the US dollar weakened on Election Day with polls showing America's presidential race exceptionally close.

On Sunday, the Organization of the Petroleum Exporting Countries and their allies in Opec+ said they would push back a production hike by a month from December as weak demand and rising non-Opec supply depress markets.

Elsewhere in the US, energy firms in the Gulf of Mexico started evacuating workers from offshore platforms ahead of Tropical Storm Rafael, on track to strengthen into a hurricane this week.