(Bloomberg) -- Crude oil traded near an 11-month
high in New York after rising last week as a pipeline shutdown in
the North Sea cut oil output and pushed Brent futures higher.
New York futures jumped 2 percent on July 13, their first
gain in three days, after Chevron Corp. and ConocoPhillips said
the closure of a BP Plc gas pipeline in the North Sea will limit
their oil output. World oil demand will rise 2.5 percent next
year to average 88.2 million barrels a day, the International
Energy Agency said in a report the same day.
Read more at Bloomberg Energy News
high in New York after rising last week as a pipeline shutdown in
the North Sea cut oil output and pushed Brent futures higher.
New York futures jumped 2 percent on July 13, their first
gain in three days, after Chevron Corp. and ConocoPhillips said
the closure of a BP Plc gas pipeline in the North Sea will limit
their oil output. World oil demand will rise 2.5 percent next
year to average 88.2 million barrels a day, the International
Energy Agency said in a report the same day.
Read more at Bloomberg Energy News
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