Reported 21 days ago
Oil prices saw a slight rise, approximately 1%, on Tuesday in response to a storm threatening U.S. output in the Gulf of Mexico and a weakening U.S. dollar amid a tightly contested presidential election. Brent crude futures increased by 0.6% to $75.53 per barrel, while West Texas Intermediate crude rose by 0.7% to $71.99. Analysts noted that uncertainty from the elections, combined with geopolitical factors and the potential impact of Tropical Storm Rafael on oil production, have left traders cautious ahead of a busy week filled with significant economic events.
Source: YAHOO