Mexico Oil Production Resumes After Hurricane Season – 9 October, 2017

Oil production in Mexico has begun to resume after Hurricane Nate caused the closure of 90 percent of crude production. After a bearish week, oil prices began to rise on Monday after OPEC’s comments on the attempt to restore market balance. Bernt crude is is up to $55.79, up 17 cents, while West Texas is up 0.6 percent to $49.58 per barrel and 29 cents higher.