North Sea Strike sends oil near $120
Oil prices have hit a fresh high just below $120 a barrel after a strike at a UK refinery disrupted production from the North Sea.
BP shut down a key North Sea pipeline after staff walked out of the Grangemouth refinery in Scotland in a two-day strike over pensions.
Providing a third of UK oil output, the closure of the Forties pipeline has raised fears about supply shortages.
US light crude hit a high of $119.93 a barrel before edging down to $119.40.
BP shut down a key North Sea pipeline after staff walked out of the Grangemouth refinery in Scotland in a two-day strike over pensions.
Providing a third of UK oil output, the closure of the Forties pipeline has raised fears about supply shortages.
US light crude hit a high of $119.93 a barrel before edging down to $119.40.
Labels: oil
posted by B Harrison at
1:13 PM
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