Oil Ends Week On Bullish Note As Outages Persist

Hurricane Ida is now officially the most devastating hurricane ever in terms of oil production disruption, and experts expect the outages to last throughout the month of September Friday, September 17, 2021 The US Gulf of Mexico is gradually bringing back idled production capacities - as of today roughly a quarter of oil output remains offline - however the overall anticipation of further stock draws in the US have weighed upon the market sentiment and helped Brent prices home in on the $75 per barrel mark. Ida-triggered supply disruptions will…