Wednesday 6 November 2024
 
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US weather

Oil surges on US weather fears, Opec speculation

Oil futures rose on Tuesday supported by production suspensions in the US Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices. Brent crude futures were tra

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Oil under $82, snaps 9-day rise

Oil eased to below $82 a barrel on Wednesday, snapping a nine-day winning streak, after industry data showed a surprise rise in US distillate inventories last week even though heating oil supplies fell. Cold weather in the United States, E

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