OAG: World Oil Prices Rise on Keystone Pipeline Shutdown
The price of oil on world commodity exchanges was growing Tuesday morning due to a pump-station leak forced the shutdown of the Keystone pipeline which carries crude to the largest storage hub in the United States.
The price of a June futures contract for WTI light sweet crude in electronic trading on Nymex was up 86 cents to $101.45 a barrel by 8:30 Moscow time. The price of a June futures contract for North Sea Brent blend was up 97 cents to $115.65 in London.
The day before as the US dollar appreciated, June Brent contracts were down 35 cents to $114.68. NYMEX was closed due to the Memorial Day holiday in the US.
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