Oil Prices Unmoved Despite Pipeline Stoppage

摘要

Oil futures stayed flat on Monday despite a cyberattack that forced the shutdown of the Colonial Pipeline, which supplies roughly 2.1 million barrels per day of refined products to the US East Coast. In London, the front-month July contract for ICE Brent closed up 4c to $68.32 per barrel, while in New York, the June contract for US benchmark West Texas Intermediate (WTI) ticked up a mere 2c to $64.92/bbl.