Oil rises on output halt at Norway's Johan Sverdrup field - Sadahadhramowt | News

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الأربعاء، 20 نوفمبر 2024

Oil rises on output halt at Norway's Johan Sverdrup field

SINGAPORE - Agencies:
Oil prices rose slightly on Tuesday, continuing the previous day's gains, supported by a production shutdown at Norway's Johan Sverdrup oil field and rising investor concerns about a possible escalation in the war between Russia and Ukraine.

Brent crude futures for January delivery rose 0.15 percent, or 13 cents, to $73.41 a barrel.

US West Texas Intermediate crude futures for December delivery rose 0.17 percent, or 12 cents, to $69.28 a barrel.

Both benchmarks rose more than $2 a barrel the previous day after Norwegian company Equinor announced that production at the Johan Sverdrup field, the largest oil field in Western Europe, had been halted due to a power outage.

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