NEW YORK – Oil prices rose 2% on Aug. 27, posting their biggest weekly gains in over a year, as energy firms began shutting U.S. production in the Gulf of Mexico ahead of a major hurricane expected to hit early next week.
Reuters: Oil posts biggest weekly gains in over a year
(FILES) In this file photo taken on Oct. 21, 2019 a pumpjack from California-based energy company Signal Hill Petroleum is seen in front of the landmark Curley's Cafe, one of two pumpjacks in the Diner's parking lot which has been churning out oil from the ground below since 1921 in Signal Hill, California.
