Crude oil

Brent Oil Price Rises as Fuel Outlooks Improve

Brent Oil Price Rises as Fuel Outlooks Improve

Brent Oil price jumped to nearly $70 a barrel yesterday as fuel outlooks continue to grow more optimistic in parts of the U.S., and China’s economic recovery began its rebound at the start of 2021, boosting Oil demand.

How Did Friday’s Pipeline Hack Affect Oil Prices?

How Did Friday’s Pipeline Hack Affect Oil Prices?

Oil prices rose on Monday as major supplier Colonial Pipeline dealt with the aftermath of Friday’s cyberattack. The attack shut down service to the U.S.’s largest oil pipeline and the company advised that operations might not be restored until next week.

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