Stable oil with US hurricane threat offset by virus resurgence – Bloomberg
Photographer: Cooper Neill / Bloomberg
Photographer: Cooper Neill / Bloomberg
Oil was stable after a third consecutive weekly gain as the threat of back-to-back storms hitting the U.S. Gulf of Mexico coast and disrupting production was offset by signs of a coronavirus resurgence in parts of Asia and Europe.
October futures traded near $ 42 a barrel in New York after falling 1.1% on…
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