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Brent leads crude prices higher as Norway oil workers get ready to strike

Reuters  |  TOKYO 

By Aaron SheldrickTOKYO (Reuters) - Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day. Brent crude had added 32 cents, or 0.4 percent, to $78.39 per barrel by around 0303 GMT, following a 1.2-percent climb on Monday. U.S. light crude futures were up 17 cents, or 0.2 percent, at $74.02. They gained 5 cents to settle at $73.85 a barrel the session before.Hundreds of workers on Norwegian oil and gas offshore rigs are due to strike on Tuesday after rejecting a ...

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First Published: Tue, July 10 2018. 10:46 IST
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