KONTAN.CO.ID - TOKYO. Oil prices pared early gains on Monday, off more than three-week highs reached earlier in the session as a powerful hurricane ploughing through the Gulf of Mexico forced shutdowns and evacuations of hundreds of offshore oil platforms.
Brent was up 16 cents or 0.2% at $72.86 a barrel by 0153 GMT. It rose more than 11% last week in anticipation of disruptions to oil production from Ida.
U.S. oil turned negative and was down by 4 cents at $68.70 a barrel, having jumped a little over 10% over last week.