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U.S. oil prices climb back above $80 as Hurricane Ian forces production cuts

Por: MarketWatch Business September 28, 2022

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Price action Market drivers Hurricane Ian strengthened rapidly into a Category 4 storm that was expected to make landfall on Florida’s Gulf Coast Wednesday. The Tuesday that in response to the storm, 11% of oil production, and 8.56% of natural-gas production, in the Gulf had been shut in. Analysts said the impact on oil prices was likely to be short-lived. Oil slumped to eight-month lows earlier this week. A persistently strong U.S. dollar,... + full article



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