A gas leak at North Sea oil production platform, occurred on Monday, stopped about 130,000 barrels a day of oil production. By late afternoon, the leak had been contained, but officials were not sure how long it would take to return oil output to normal.
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Force Majeure Sent Crude Prices Higher
Crude oil prices gained Monday touched up by shutdown...
Crude oil prices gained Monday touched up by shutdown of Statoil?s North Sea oil production platform because of a gas leak; and fresh concerns about heating oil supplies.
Crude oil futures for the delivery in January rose 32 cents to $49.76 per barrel on the New York Mercantile Exchange. Meanwhile, at London's IPE the January contract Brent futures climbed $1.18 to end at $45.75 per barrel.
A gas leak at North Sea oil production platform, occurred on Monday, stopped about 130,000 barrels a day of oil production. By late afternoon, the leak had been contained, but officials were not sure how long it would take to return oil output to normal.
A gas leak at North Sea oil production platform, occurred on Monday, stopped about 130,000 barrels a day of oil production. By late afternoon, the leak had been contained, but officials were not sure how long it would take to return oil output to normal.
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