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Oil costs ascend in the midst of Gulf of Mexico storm, Middle East pressures
Oil costs drifted almost six-week highs on Friday and was on track for a week after week gain as U.S. oil makers in the Gulf of Mexico cut the greater part their yield as a result of a hurricane and as strains kept on stewing in the Middle East.
Brent rough (LCOc1) prospects were up 57 pennies, or 0.9%, at $67.09 per barrel by 0642 GMT. The universal benchmark settled down 0.7% on Thursday in the wake of hitting its most elevated since May 30 at $67.65.
U.S. West Texas Intermediate (WTI) rough (CLc1) prospects were up 46 pennies, or 0.8%, at $60.66 a barrel. In the past session, the U.S. benchmark rose to as much as $60.94, its most elevated since May 23.