price movement
Crude futures rose Brent November crude futures were up 24 cents, or 0.34 percent, at $70.86 a barrel. U.S. crude futures for October were up 20 cents, or 0.30 percent, at $67.52 a barrel by 0044 GMT, according to Reuters data.
Crude oil futures rose more than 2 percent in the previous session as offshore platforms in the U.S. Gulf of Mexico were shut down and refining operations were disrupted by Hurricane Francine making landfall in southern Louisiana on Wednesday.
But with the approach The hurricane From the end after reaching the land, the attention of the market turned Oil Back to low demand.
Information Management said Energy Yesterday, US oil inventories rose last week as crude imports grew and exports fell.
The data also showed that gasoline demand fell to its lowest level since May at the same time as distillate demand declined, with refinery runs also falling. The United States is the world’s largest oil consumer.
Earlier in the week, OPEC cut its forecast for global oil demand growth in 2024 and also trimmed its forecast for next year, the second downward revision in a row.
