Tag: Gulf

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Oil rallies for the session amid possible Gulf of Mexico storm, prices fall for the week

Oil futures rallied on Friday, finding support from a potential storm in the Gulf of Mexico. Prices still posted a…

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Oil futures settle higher on Gulf storm-related output disruptions

Oil futures settled higher Monday as Tropical Storm Zeta already disrupted half of the energy production in the Gulf of…

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Oil settles lower after a reported end to the strike in Norway, but prices gain nearly 10% for the week on Gulf output shutdowns

Oil futures ended lower on Friday after Reuters reported that oil firms in Norway reached a wage agreement with labor…

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Oil futures gain as Gulf of Mexico storms lead to energy output reductions

Oil futures settled higher on Monday, getting a boost from reductions to crude and natural-gas output in the Gulf of…