Despite fears of disruptions to oil and gas production in the Gulf of Mexico due to Hurricane Delta, oil prices rose marginally on Friday. Brent crude increased by 0.3 per cent to $84.70 a barrel. The hurricane is expected to avoid major oil and gas centres in the region, easing concerns of major supply disruptions.
1. Despite fears of disruptions, oil prices rose marginally on Friday.
2. Brent crude increased by 0.3% to $84.70 a barrel.
3. The hurricane is expected to avoid major oil and gas centres in the Gulf, easing concerns of supply disruptions.
4. Experts predict that the hurricane's path will veer away from major oil and gas production centers.
5. The forecast has alleviated concerns over potential supply disruptions, providing support to the increase in oil prices.
Brent crude increased by 0.3% to $84.70 a barrel despite Hurricane Delta's potential impact on oil and gas production in the Gulf of Mexico.
Furthermore, experts predict that the hurricane's path will veer away from major oil and gas production centers in the Gulf. This forecast has alleviated concerns over potential supply disruptions, providing further support to the increase in oil prices.