Oil rises after cyberattack causes shutdown of US supply pipelines
White House is working closely with Colonial Pipeline to help it recover from the ransomware hit
10 May 2021 - 08:01
Tokyo — Crude prices rose on Monday after a major cyberattack forced the shutdown of critical fuel supply pipelines in the US and highlighted the fragility of its oil infrastructure.
Brent crude was up 38c, or 0.6%, at $68.66 a barrel by 6.43am, having risen by l.5% last week. US West Texas Intermediate futures rose 34c, or 0.5%, at $65.24 a barrel, after gaining more than 2% last week...
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