International crude oil prices logged their first weekly gain in almost a month in the previous session after Hurricane Francine caused production halts in the US Gulf of Mexico. Crude oil snapped the bearish sell-off tone by the end of the week after benchmark Brent crude futures crashed to a 33-month low earlier this week.
as US Gulf of Mexico crude production resumed following Hurricane Francine, and rising data showed a weekly rise in US rig count.
Brent crude futures settled at $71.61 a barrel, down 36 cents, or 0.5%. U.S. West Texas Intermediate crude (WTI) settled at $68.65 a barrel, down 32 cents, or 0.5%.
