Oil eases as U.S. production returns after storm

Oil eases as U.S. production returns after storm
  • Clock-gray 08:10
  • calendar-gray 18 September 2020

 Oil prices drifted lower on Friday, pausing after three days of gains, as producers prepared to resume operations in the Gulf of Mexico and data showed Saudi Arabian exports rose from record lows, APA reports quoting Reuters.

Brent crude was down 6 cents at $43.24 a barrel by 0112 GMT, while U.S. oil futures dropped 6 cents to $40.91 a barrel. Both contracts have risen sharply this week as Hurricane Sally cut U.S. production and are on track for a weekly gain of around 9%, the first in three weeks.

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