You are here: Home » Reuters » News
Business Standard

Oil mixed amidst Irma demand fears, Saudi cut extension talks

Reuters  |  NEW YORK 

By Julia SimonNEW YORK (Reuters) - Oil prices were mixed on Monday, with Hurricane Irma's continued pounding Florida raising demand fears, while U.S. refinery restarts and Saudi cut extension talks gave upward pressure.Brent crude oil futures were down 13 cents, or 0.2 percent, at $53.65 a barrel at 12:17 p.m. (1617 GMT) while U.S. West Texas Intermediate crude rose by 59 cents, or over 1 percent, to $48.07. Hurricane Irma knocked out power to nearly 5.8 million Florida homes and businesses on Sunday after millions were told to evacuate ahead of the storm. Irma hit Florida on Sunday ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, September 12 2017. 02:28 IST
RECOMMENDED FOR YOU