production

Crude Oil

Stop The Production Of GOM Oil By Storm Barry

Oil traded near $60/bbl after a storm shut almost three-quarters of U.S. Gulf of Mexico crude production, at the same time as lingering demand considerations proceed to mark the outlook. Aftertimes raised 0.2% in New York. About 73% of crude production in the Gulf of Mexico was halted as of Sunday, but some producers are preparing to return employees to…