(Bloomberg) -- Crude oil rose to $76 a barrel in
New York, the highest in more than 11 months, after Total SA
said it would curb exports from the Dalia field in Angola
because of a mechanical failure.
Total declared force majeure, a legal clause meaning
deliveries are suspended because of conditions beyond the
company's control, after production at the 240,000-barrel-a-day
field was cut by 50 percent. Prices also rose because a
government report yesterday showed that U.S. gasoline supplies
declined last week.
Read more at Bloomberg Energy News
New York, the highest in more than 11 months, after Total SA
said it would curb exports from the Dalia field in Angola
because of a mechanical failure.
Total declared force majeure, a legal clause meaning
deliveries are suspended because of conditions beyond the
company's control, after production at the 240,000-barrel-a-day
field was cut by 50 percent. Prices also rose because a
government report yesterday showed that U.S. gasoline supplies
declined last week.
Read more at Bloomberg Energy News
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