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brent crude

brent crude
Oil prices pared early gains on Monday, off more than three-week highs reached earlier in the session

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.

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