Friday 26 April 2019

Oil Ends Week With a Slump Despite Russia Pipeline Outage - Bloomberg

Oil Ends Week With a Slump Despite Russia Pipeline Outage - Bloomberg:

Oil fell, paring an eighth weekly advance, even as supplies stopped flowing through a major Russian pipeline to Europe.

Futures in New York lost as much as 1.4 percent, while Brent also fell.

Futures in London had spiked briefly above $75 a barrel on Thursday as Russian flows were halted after customers complained of impurities. Prices have since failed to extend gains as investors wait to see how long the outage will last.

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