US output

Oil jumps above $41 as storm hits US output, inventories drop

Oil jumps above $41 as storm hits US output, inventories drop

Oil rose for a second day on Wednesday, gaining more than two per cent, as a hurricane closed U.S. offshore production and an industry report showed U.S. crude inventories unexpectedly decreased. More than a quarter of U.S. offshore output was shut on Tuesday due to Hurricane Sally. The American Petroleum Institute on Tuesday said crude […]