Oil Prices Rise, Brent Boosted By Norwegian Workers Strike

Published on Wednesday, 27 Jun 12:06 pm

Benchmark crude oil prices rose on 26 June, with WTI inching higher in New York on expectations of a stock draw in weekly US petroleum data and Brent jumping $2/B in London as Norwegian oil workers went on strike. Statoil announced it was shutting down four offshore platforms with a combined capacity of 150,000 b/d as a result of the action. WTI settled $0.15/B higher at $79.36/B, but Brent rose by $2.05/B on the day to end at $93.06/B.

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