December 23, 2024

Oil Rises 2% From Multi-Month Lows On U.S. Gulf Output Cuts, Supply Outlook

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Oil Rises 2% From Multi-Month Lows On U.S. Gulf Output Cuts, Supply Outlook

 

Oil prices rose over 2% from nine-month lows a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and an easing in the U.S. dollar from its strongest level in two decades.