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Oil: slight change in prices

09/07/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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After the hurricane that hit a key oil production center in the United States, in Texas, caused less damage than expected, oil prices were little changed at the start of the day on Tuesday.

Brent lost 4 cents to $85.71 per barrel at 0113 GMT, while American West Texas Intermediate (WTI) crude lost 5 cents to $82.28. Major refineries along the American Gulf Coast appear to have been little affected by Hurricane Beryl, which turned into a tropical storm after making landfall on the Texas coast, although oil refining activity slowed and some production sites were evacuated. Major oil ports around Corpus Christi, Galveston, and Houston had been shut down. before the storm. The Corpus Christi Sea Canal reopened on Monday and the Port of Houston is expected to resume operations on Tuesday afternoon

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