You are here: Home » International » News » Economy
Business Standard

US crude tops 2-yr high as Keystone outage hits supply

US West Texas Intermediate crude futures hit $58.92 a barrel, their highest since July 2015

Reuters 

oil prices
An oil rig drilling a well at sunrise, owned by Parsley Energy Inc near Midland, Texas, US. (File photo: Reuters)

prices hit their highest levels in more than two years on Friday after the continued shutdown of a key pipeline running from Canada to the United States was expected to reduce supply into a major storage facility. West Texas Intermediate crude futures hit $58.92 a barrel, their highest since July 2015, before easing to trade up 79 cents on the day at $58.81.

First Published: Sat, November 25 2017. 03:05 IST
RECOMMENDED FOR YOU