(MENAFN- Trend News Agency)
Oil prices rose on Tuesday after hitting their lowest levels
since January in the prior session, reports citing .
The West Texas Intermediate for November delivery increased 1.79
U.S. dollars, or 2.3 percent, to settle at 78.5 dollars a barrel on
the New York Mercantile Exchange. Brent crude for November delivery
added 2.21 dollars, or 2.6 percent, to settle at 86.27 dollars a
barrel on the London ICE Futures Exchange.
Prices garnered some support from supply curbs in the U.S. Gulf
of Mexico as Hurricane Ian forced oil companies in the region to
evacuate personnel and shut in production.
The U.S. Bureau of Safety and Environmental Enforcement reported
Tuesday that about 11 percent of oil production and 8.56 percent of
natural-gas production in the Gulf have been shut.
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