00:00 It's Benzinga and here's what's on the block.
00:02 Oil prices rose due to a significant decrease in U.S. crude inventories and concerns about
00:07 a hurricane in the Gulf of Mexico.
00:09 The rally was also supported by a weakened U.S. dollar and softer job data.
00:13 U.S. crude stocks fell by 11.5 million barrels, indicating strong demand.
00:18 Refining sources predict that Saudi Arabia will raise its official selling prices for
00:22 crude oil sold to Asia in October.
00:24 The recent military seizure of power in Gabon could impact crude supplies.
00:30 Concerns over fuel demand and the mixed economic situation in China are limiting oil gains.
00:34 For all things money, visit Benzinga.com.
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