Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. Brent crude futures...
TOKYO - Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand.
"Investors adjusted their positions after Tuesday's sharp drop," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities. About 24% of crude production and 26% of natural gas output in the U.S. Gulf of Mexico were offline due to the storm, the U.S. Bureau of Safety and Environmental Enforcement said on Tuesday.
Demand Forecast Crude Prices Brent Crude Futures Hiroyuki Kikukawa
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