Pipeline paralysis makes oil price soar

Due to the stoppage of the Forties pipeline activities in the United Kingdom, which carries 40% of the daily oil production, commodity prices in future contracts have risen about 2% earlier this week. The oil WTI, in the new York Mercantile Exchange (Nymex), closed in high from 1.10%, to January, going to US $57.99 the barrel. Already at Intercontinental Exchange (ICE), type Brent advanced 2.03%, to US $64.69.

According to information from the British press, the outage was due to a crack in the pipeline, and there is still no forecast to reestablish the activities. The halt, unscheduled, left the market enthusiastic, above all, after recent information that the number of wells and oil rigs in the United States rose 2 to 751, and American production has also advanced, which has long been leaving concerned investors.

Analysts believe that the Christmas period will be a decisive moment for the market, since investors await the data from the U.S. stocks and the monetary political decision of the Federal Reserve, the American central Bank, to know how the oil progress will be in 2018. Moreover, there is also the monitoring of the oil cuts led by members of the Organization of Oil exporting Countries (OPEC).

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