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Oil jumps to its highest level since mid-2015
10:14 - 12/12/2017
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Information / Baghdad ..
Brent crude jumped 1.5 percent on Tuesday to its highest level since mid-2015 after the closure of the North Sea pipeline, which in turn halted large supplies from a market already scarce due to OPEC-led production cuts.
Brent crude was $ 65.63 a barrel at 0556 GMT, up 94 cents, or 1.5 percent, from the previous close.
This is the first time Brent has exceeded $ 65 since June 2015.
West Texas Intermediate crude <LCOc1> was up $ 58.41 a barrel, up 42 cents, or 0.7 percent of the last settlement.
The pipeline, which transports Fortis, Britain's largest oil pipeline with a capacity of 450,000 bpd, was closed on Monday after cracks were detected. Ending / 25
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