Oil Prices Fall Coinciding With Hurricane Activity

Dubai – (Massader News)

Oil prices fell on Wednesday, with Brent crude futures fell by 0.2% to $ 53.30 a barrel as refineries were affected by hurricane activity, according to Mubasher.

Nymex crude futures rose by 0.08% to $ 48.70 a barrel.

The US National Hurricane Center announced Hurricane Irma was upgraded to Category 5, threatening the Caribbean islands and the US state of Florida.

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