Oil rises as storms hit Gulf of Mexico – CNBC
Oil rig at sunset near the shores of the Mediterranean port of Limassol.
Danil Shamkin | NurPhoto | Getty Images
Crude oil prices rose Monday as storms battered the Gulf of Mexico, shutting down more than half of the region’s oil production, though gains were capped by lingering concerns over demand for coronavirus lockdown.
Hurricane Marco and Tropical Storm Laura tore through the…
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