Oil gains for 2nd session as lower US output supports

SINGAPORE: Oil prices rose for a second session on Thursday, recovering from earlier losses as a decline in US Gulf of Mexico output following damages from Hurricane Ida underpinned the market.

Brent added 23 cents, or 0.32% to $72.83 a barrel at 0221 GMT and West Texas Intermediate (WTI) crude rose 15 cents, or 0.22%, to $69.45 a barrel.