Rafael has weakened into a remnant low pressure system in the Gulf of Mexico after barreling across Cuba as a Category 3 hurricane last week.

Global benchmark Brent crude futures fell by 2.3%, or $1.76, to$73.87 per barrel. Energy producers shut in more than 23% of ...

Oil prices have also eased after concerns about supply disruption from storm Rafael in the U.S. Gulf of Mexico subsided. More ...