Oil prices rise due to shutdown of pipelines in the United States

Oil prices rose in trading today, Monday, in light of the impact of the spread of the Corona virus in China and the ongoing closure of an important pipeline for the supply of crude oil in North America.

By 10:27 Moscow time, futures for US West Texas Intermediate crude rose 0.69% to $71.51 per barrel.

Brent futures rose 0.45% to $76.44 a barrel, according to Bloomberg.

Bloomberg reported that TC Energy Corp. continues to work to restart the closed Keystone pipeline, which connects fields in Canada with refineries on the US Gulf Coast.

Source: RT + Bloomberg