Oil prices down as worries about pipeline outage fade
The Colonial Pipeline hopes to substantially restore operations by the end of the week after a cyberattack closed it down
11 May 2021 - 13:57
London — Oil prices fell on Tuesday on fading fears of a prolonged outage of the largest US fuel pipeline system, while India’s coronavirus crisis showed scant sign of easing.
Brent crude futures dropped 30c, or 0.4%, to $68.02 a barrel by 10am GMT. US West Texas Intermediate (WTI) crude futures fell 32c, or 0.4%, to $64.60 a barrel...
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