Brent oil near $80 a barrel on tighter supplies | Reuters
Oil markets climbed for a sixth day on Tuesday, boosted by a tighter supply and firm demand outlook, but power shortages in China which hit factory output tempered the rally.
Brent crude had gained 12 cents, or 0.1%, to $79.65 a barrel at 1358 GMT, after reaching their highest level since October 2018 at $80.75. Brent gained 1.8% on Monday.
U.S. West Texas Intermediate (WTI) crude rose 22 cents, or 0.3%, to $75.67 a barrel, after hitting a session high of $76.67, its highest since July. It jumped 2% the previous day.
Hurricanes Ida and Nicholas, which swept through the U.S. Gulf of Mexico in August and September, damaged platforms, pipelines and processing hubs, shutting most offshore production for weeks. read more
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