# Oil settles up 1% on low U.S. output after hurricane | Reuters

> Oil prices jumped on Sept 8 and settled up more than 1% as US Gulf of Mexico producers made slow progress restoring output after Hurricane Ida. Brent settled at $72.60 and WTI at $69.30.

- Date: 2021-09-08 · published 2021-09-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45230-oil-settles-up-1-on-low-u-s-output-after-hurricane-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Slow Gulf output restoration keeps US crude and diesel supply tight, raising energy and freight costs for feed buyers. The price effect is modest given the size of the disruption.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-climbs-amid-slow-supply-return-after-hurricane-ida-2021-09-08/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.