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Oil rises on tropical storm disruptions, glut forecasts weigh

A oil pump is seen at sunset outside Scheibenhard
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NEW YORK (Reuters) - Oil prices inched up on Friday as U.S. Gulf of Mexico crude output was halved by disruptions caused by a tropical storm, but concerns over a global crude surplus in the months ahead limited gains.Brent crude futures were up 31 cents to $66.83 a barrel by 1:21 p.m. EDT (1721 GMT). U.S. West Texas Intermediate (WTI) crude futures gained 18 cents to $60.38 a barrel.Brent has..
Date Published: Jul 12, 2019
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