Accra:Oil prices saw an increase as Hurricane Isaias advanced towards the northern Gulf of Mexico, leading to a shutdown of over 70 percent of US offshore crude production by energy companies.
According to Emirates News Agency, Brent crude futures experienced a rise of 44 cents, or 0.42 percent, closing at $104.72 per barrel. Simultaneously, US West Texas Intermediate (WTI) crude prices went up by 36 cents, or 0.39 percent, reaching $91.85 per barrel.