The storm hit just over two weeks after Hurricane Harvey hobbled the U.S. Gulf Coast refining sector, knocking almost a quarter of its capacity offline.
U.S. West Texas Intermediate (WTI) was flat from the previous close at $48.07 a barrel.
Brent ended the week up 1.9 percent while USA crude was up 0.4 percent, paring most of its earlier weekly gains on worries on the continued impact of hurricanes on demand and supply.
The deal to curb output brought crude prices above $58 a barrel in January but they have since slipped back as the effort to drain global inventories and stabilize the oil market has taken longer than expected. Global benchmark November Brent crude inched up by 6 cents, or 0.1%, to finish at $53.84 a barrel on the ICE Futures Europe exchange.
Oil prices rose on Friday as USA crude production was hit harder by Hurricane Harvey than expected, with the even bigger storm Irma heading for Florida and threatening to cause more disruption to the petroleum industry.
USA oil futures remained higher on Monday, while Brent futures lost some ground as concerns over the impact of Hurricane Irma on the oil industry eased and amid talk of a possible extension of OPEC's supply cuts.
However, he concluded the storm is too far east to have any effect on recovering operations in Texas; plus, the chaos in the gulf coast "is good for refiners worldwide". American crude stockpiles rose by 4.58 million barrels last week, the first gain since June. This is because most of the news continues to center on USA production in the wake of the impact of Hurricane Harvey on US refinery output the week before. Analysts at consultancy JBC Energy said those talks should prove supportive for crude prices.
This was the largest single day loss since July 5. The goal of the deal, which was extended in May, was to drain a global oversupply that has kept prices depressed amid a resurgence in US shale production.
Miami woman gives birth at home during Hurricane Irma
Although Irma's eye was almost 100 miles from the Miami area, hurricane-force wind gusts battered the area on Sunday. According to city officials, it would have taken about two weeks to move the cranes and there wasn't enough time.
Harvey's impact was also felt in oil production.
HURRICANES The market is also awaiting USA inventories data in the wake of the storms.
"We believe that Irma will have a negative impact on oil demand but not on oil production or processing", Goldman Sachs analysts said in a note.
Elsewhere, lost 1.94% to $1.616 a gallon, while rallied 1.11% to $2.922 per million British thermal units.
LGBTQ rights pioneer Edith Windsor dies: Celebrities react
Windsor's path to gay-rights icon stretches back to 1962, when she met her wife-to-be in a Greenwich Village restaurant. Windsor met her first wife, Thea Spyer, in the 1960s. "She will go down in the history books as a true American hero".
Some AL.com readers have reported no or low gas availability in some towns along the I-65 evacuation route. Most projections show the hurricane weakening only slightly as it travels upwards through the whole state.
However, the day before the draft, the Lakers traded center Vlade Divac to the Hornets for their draft rights. Over 67 career games against the Warriors, Kobe Bryant averaged 27.0 points, 5.2 rebounds and 4.7 assists.
Sky will have an orchestral soundtrack and, thanks to the 810X fusion chip on the new Apple TV , looks handsome . Today (September 12), during Apple's iPhone event, thatgamecompany returned to announce their new game Sky .
The one-hour telecast will air live from the Grand Ole Opry, Universal Studios in California and Times Square in New York City. Henson , Julia Roberts , Kelly Rowland , Adam Sandler , Darius Rucker, Will Smith, Justin Timberlake and Chris Tomlin.
After Irma, aerial footage shot by Dutch marines showed that Maho Beach's sands had washed away and the airport was badly damaged. Castaner said many islanders were suffering from "an impact of emotional shock, an impact that's extremely hard psychologically".
According to reports, this is the first time since 2010 that the Atlantic is witnessing three active hurricanes at the same time. And Tropical Storm Katia will remain a tropical storm before it makes landfall in Central Mexico at the start of the weekend.
At the same time, the court said the USA had to admit people with a "bona fide relationship with a person or entity". Constitution and First Amendment by discriminating against Muslims, will be reviewed by the Supreme Court in October.
Nordstrom is about to experiment with a tiny location to attract new customers - and it won't even be selling any clothes there. More Stock News: This Is Bigger than the iPhone! Nor will one store, a small one at that, move the needle.
The phone will be available through both retail stores and e-commerce sites such as Flipkart , Amazon and Paytm from today. In terms of hardware, the phone is powered by a MediaTek MT66750T octa-core 1.5 GHz processor and a Mali-T860 MP2 GPU.
Met Eireann issues status yellow warning for THESE counties
Winds could touch 60mph along the southwestern coasts through this morning (Monday) with 70mph gales forecast later on Tuesday. On Sunday, Met Éireann issued a similar Status Yellow warning with Mayo, Donegal, Sligo and Leitrim included on the list.
Liverpool train ahead of Champions League clash with Sevilla
The quickest, easiest way to end all of this as quickly as possible is to cup tie the player at the earliest possible moment. Jurgen Klopp's side will be looking to bounce back from Saturday's disappointing 5-0 defeat at the hands of Manchester City.