Brent surges amid US production cuts ahead of biggest storm threat in 15 years
SINGAPORE: The price of Brent crude oil edged up Wednesday, driven by US producers who shut down most of their offshore production in the Gulf of Mexico before Hurricane Laura and optimism over Sino-US trade talks.
But gains have been capped amid renewed concern over the coronavirus pandemic, which has reduced demand for fuel, after reports in Europe and Asia of patients re-infected with…