Oil recovers 3% from 33-month low after Hurricane Francine instils supply fears; Brent at $71, WTI gains over $2
International crude oil prices slightly recovered from a 33-month low level and climbed three per cent or over $2 a barrel on Wednesday, September 11, driven by fears of lengthy production shutdowns in the offshore oil patch due to Hurricane Francine. The recovery in prices also came after an increase in US crude inventories reported … Read more