(Bloomberg) — Oil climbed to the highest in more than a month as Hurricane Delta forces operators to shut in nearly 92% of crude output in the Gulf of Mexico.Futures in New York rose 3.1% as Gulf of Mexico producers shut in 1.7 million barrels a day of production ahead of Delta, which is forecast to slam into the already battered Louisiana coast on Friday as a Category 2 hurricane. Prices also gained as an oil-workers strike in Norway threatens almost a quarter of its output. Meanwhile, some members of OPEC+ may be reconsidering plans to boost output in the …read more
Source:: Yahoo Finance
