(Bloomberg) -- Brent crude oil rose above $78 a
barrel, nearing a record high, as a damaged pipeline in the North
Sea curtailed supplies and as speculators made their largest bet
yet on higher energy prices.
Brent gained after a BP Plc pipeline in the North Sea shut
down, limiting output from fields run by Chevron Corp. and
ConocoPhillips. Hedge-fund managers and other speculators increased
their bets on rising oil prices to a record last week, according to
U.S. Commodity Futures Trading Commission data.
Read more at Bloomberg Energy News
barrel, nearing a record high, as a damaged pipeline in the North
Sea curtailed supplies and as speculators made their largest bet
yet on higher energy prices.
Brent gained after a BP Plc pipeline in the North Sea shut
down, limiting output from fields run by Chevron Corp. and
ConocoPhillips. Hedge-fund managers and other speculators increased
their bets on rising oil prices to a record last week, according to
U.S. Commodity Futures Trading Commission data.
Read more at Bloomberg Energy News
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