Oil market settled higher on pipeline disruption
Oil market settled higher on pipeline disruption
International benchmarks for crude oil advanced on Tuesday, 15 November 2022 after a pipeline in Druzhba busted and disrupt supply to Hungary. The gains, however, were capped due to the strengthening US dollar after the FED confirmed further interest rate hikes ahead.
Brent added 72 cents to close at $93.86/barrel.
WTI rose $1.05 to settle at $86.92/barrel.