Oil Gains as Gulf Storm Threatens Supplies

Oil prices remained steady as Hurricane Epsilon approached the Gulf of Mexico, leading to the closure of over 70% of U.S. offshore oil production. Brent crude futures traded at $104.72, up 0.42%, while West Texas Intermediate (WTI) reached $91.85, an increase of 0.39%. China's plans to resume exports of refined fuel, along with tensions related to the hurricane and U.S. sanctions on Iran, are fueling expectations of higher oil prices over the course of the week.

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