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Tuesday 27 September 2022

Oil prices rise 2% on U.S. Gulf output cuts, supply outlook

Oil prices rise 2% on U.S. Gulf output cuts, supply outlook: U.S. offshore oil producers said they were keeping an eye on Hurricane Ian’s track as the powerful storm shut in at least 480,000 barrels of oil production as it entered the U.S. Gulf of Mexico and barrelled toward Florida.

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