Brent surges on US production cuts ahead of biggest storm threat in 15 years – CNBC
A Marathon oil refinery is located in Louisiana, Louisiana, on the Gulf Coast.
Patrick Semansky | Bloomberg | Getty Images
The price of Brent crude oil rose slightly on 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 were capped amid renewed concern over the…