Oil pares gains from 2-month high mark after Hurrican Beryl forecast spares crude production areas; Brent at $86 | Stock Market News

Crude oil prices gave up most of their gains from earlier in the day as Hurricane Beryl’s forecast track continued to steer it away from major offshore production areas in the US-regulated northern Gulf of Mexico.

Brent crude futures last gained 24 cents, or 0.28 per cent, to $86.84 per barrel. US West Texas Intermediate or WTI crude was last up five cents, or 0.06 per cent, at $83.23.

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