Oil prices rose to a one-week high during Monday's trading, with continued gains supported by the repercussions of Hurricane Ida on crude production in the US Gulf of Mexico.
About three-quarters of crude production in the US Gulf of Mexico, or 1.4 million barrels per day, has been suspended since the end of August.
Vandana Hari, founder of Vanda Insights, told Bloomberg that restoring production at a slower-than-expected pace in the US Gulf of Mexico may have added more momentum. for crude prices.
In terms of trading today, Brent crude futures for November delivery rose by 0.6% to reach $73.42 a barrel.
The US NYMEX crude contracts for October delivery also rose by 0.7% at the level of $70.20 a barrel.
It is scheduled to be issued later today, OPEC's monthly report on production levels for last August.
