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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.
