Oil rises to approximately $55 due to hurricane,supply cuts

Oil-markets  saw  Brent crude supported by  Saudi Arabia hoping to cut  October supplies, while United States crude was curbed by refinery-outages due to  Hurricane-Harvey damages, which dented demand. Focus was shifting to three other hurricanes that are currently tearing through the Caribbean and Gulf of Mexico. Brent crude futures rose to 54.57 dollars a barrel…

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