Global crude oil prices rise 3% this week

Global crude oil prices rose 3 percent this week as energy companies in the US Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output. Brent crude futures rose 3.3 percent during the week to settle at 75.34 dollars a barrel yesterday. US crude futures was up 3.2%, supported by tight supplies due to the hurricane outages. On Wednesday, Brent hit its highest since late July, and US crude hit its highest since early August. Gulf Coast crude oil exports are flowi...