Oil falls as UK North Sea oil pipeline moves closer to restart

Oil falls as UK North Sea oil pipeline moves closer to restart:

"Oil prices fell on Thursday after the operator of Britain’s Forties pipeline in the North Sea said it was expected to restart in early January after repairs over Christmas.

Forties is the largest of the five North Sea crudes that underpin Brent, a benchmark for oil trading in Europe, the Middle East, Africa and Asia.

 Oil prices have risen since the pipeline was shut on Dec 11. But Brent oil prices LCOc1 fell after the announcement to trade 23 cents down at $64.33 per barrel at 0933 GMT. "



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