Brent Prices Soared to Highest in Over 2 Years on Pipeline Shutdown

Posted December 12th, 2017 by JohnieAble and filed in General News

Brent crude oil prices extend the rally to a new 2.5-year high in Asia Tuesday, after soaring +2.03% on the prior day as the North Sea’s Forties Pipeline system reportedly shut down. WTI crude oil prices were also helped by the news with the front-month contract adding +1.1% for the day. Prices of base metals rebounded as traders awaited China’s macroeconomic data in November.

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Brent Prices Soared to Highest in Over 2 Years on Pipeline Shutdown

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