COMMODITY
Crude oil futures end higher on Monday
Sep-10-2024

Crude oil futures ended higher on Monday amid possibility of supply disruptions due to the possibility of tropical storm Francine strengthening to hurricane status and moving towards oil facilities around Texas and Louisiana. Oil prices were also supported by the decision of OPEC+ to delay a production boost originally scheduled to begin in October.

Benchmark crude oil futures for October delivery rose $1.04 or 1.54 percent to settle at $68.71 a barrel on the New York Mercantile Exchange. Brent crude for November delivery gained $0.78 or 1.1 percent to settle at $71.84  a barrel on London's Intercontinental Exchange.


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