Brent leads crude prices higher as Norway oil workers get ready to strike


TOKYO (Reuters) – Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day.

FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File Photo

Brent crude LCOc1 had added 32 cents, or 0.4 percent, to $78.39 per barrel by around 0303 GMT, following a 1.2-percent climb on Monday.

U.S. light crude futures were up 17 cents, or 0.2 percent, at $74.02. They gained 5 cents to settle at $73.85 a barrel the…



Read More Here

Be the first to comment on "Brent leads crude prices higher as Norway oil workers get ready to strike"

Leave a comment

Your email address will not be published.


*