Crude oil price jumps above $65
Britain’s Forties oil pipeline, the country’s largest at a capacity of 450,000 barrels per day (bpd), shut down on Monday after cracks were revealed.
Brent crude futures on Tuesday, the international benchmark for oil prices, were at $65.07 dollars a barrel at 0211 GMT.
U.S. West Texas Intermediate (WTI) crude futures were at 58.21 dollars a barrel.
“The market reaction shows that in a tight market, any supply issue will quickly be reflected in higher prices,” said ANZ bank.
ADVERTISEMENT
The jump in Brent prices widened its premium to WTI prices, making U.S. oil exports more attractive.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Every Nigerian needs training on how to communicate properly - Idris
Agunloye's ₦1 billion suit against EFCC hearing set for May 9
Woman births quadruplets via IVF after 15 yrs, JUTH celebrates historic success
Husband secretly films wife and posts videos on porn websites
Widow demands justice from Sanwo-Olu, 1 year after husband's murder
Obiano's challenge to EFCC's power dismissed, medical travel approved
Edo Chief Judge orders release of inmate held 4 yrs due to missing case file
PHOTOS: Mass protest rocks PDP HQ with 'Damagun must go' placards ahead of NEC meeting
Troops rescue pregnant Chibok girl with her 3 kids after 10 years in captivity
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT