Reuters
Oil slips as Hurricane Ida weakens, OPEC+ in focus
LONDON (Reuters) -Oil slipped on Monday, giving up an earlier rally to a four-week high, as Hurricane Ida weakened after forcing shutdowns of U.S. Gulf oil production, and OPEC+ looked set to go ahead with a planned oil output increase. Nearly all offshore Gulf oil production, or 1.74 million barrels per day, was suspended in advance of the storm. Brent crude was down 26 cents, or 0.4%, at $72.44 by 1340 GMT, having reached $73.69 earlier, the highest since Aug. 2.
