20 September, 2020
Oil prices rose late last week on the third day of positive price movements for the commodity, as the market responds favourably to OPEC’s meeting chatter.
WTI crude prices rose by more than 2% by 1:00 pm EDT on Thursday, reaching more than $41 per barrel. Brent Crude hit $43.39 by 1:00 pm EDT, a 2.77% jump on the day.
The upward price movement is despite actions on the U.S. Gulf Coast as producers start to get back online after a devastating and slow-moving Hurricane Sally. - Oilprice.com