(Bloomberg) -- Crude oil rose in New York and Brent
oil in London touched an 11-month high on reduced production in
the North Sea because of a pipeline shutdown and maintenance at
regional fields.
Chevron Corp. and ConocoPhillips said they lost output from
North Sea fields that produce oil and gas after BP Plc closed
the pipeline. BG Group Plc said its Armada oil field in the
North Sea has been shut for maintenance since June. The
International Energy Agency said in a report today that global
oil demand will rise 2.5 percent next year.
Read more at Bloomberg Commodities News
oil in London touched an 11-month high on reduced production in
the North Sea because of a pipeline shutdown and maintenance at
regional fields.
Chevron Corp. and ConocoPhillips said they lost output from
North Sea fields that produce oil and gas after BP Plc closed
the pipeline. BG Group Plc said its Armada oil field in the
North Sea has been shut for maintenance since June. The
International Energy Agency said in a report today that global
oil demand will rise 2.5 percent next year.
Read more at Bloomberg Commodities News
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