Crude Oil Jumps Nearly 2% On Storm-Led Cut In Output

Crude oil inched jumped more than 2 per cent on Tuesday in anticipation of tighter supply from theUS Gulf Coast as Tropical Storm Laura was forecast to become a major hurricane. Brent crude futures - the global benchmark for crude oil - jumped as much as $0.92, or 2.04 per cent, to touch $46.05 per barrel during the session, having started the day flat at $45.12 compared to Monday's close of $45.13 per barrel. However, increasing COV...