EnergyWatch

Ida disruptions still underpin oil prices

Oil outfits along the Gulf of Mexico still struggle to resume activities nine days after hurricane Ida passed the region.

Photo: LEAH MILLIS/REUTERS / X90205

Oil prices edge up slightly on Wednesday, the development underpinned by Mexican Gulf outfits' continued struggle to resume activities nine days after hurricane Ida passed the region.

A barrel of European reference crude Brent costs USD 71.61 against USD 71.56 Tuesday afternoon, with US West Texas Intermediate concurrently trading at USD 68.41 against USD 68.13.

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