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Oil Prices find new back to climb on
July 10, 2018
Source: Reuters

Oil Prices find new back to climb on

Failed wage talks have led to workers strike in Norway, adding to the existing oil crisis. Tuesday experienced hike in oil prices where Brent crude added 0.3%, to $78.32 per barrel while U.S light crude rose by 0.2% at $74.02. While Libya’s national oil production has fallen to 527,000 bpd, the power outage at Syncrude is leading to a loss of 360,000 bpd, reducing supply at U.S delivery points.

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