Skip to content
Subscriber Only

Brent Crude Oil Slides as North Sea Pipeline Resumes

Brent crude prices slid after a pipeline system used to transport North Sea oil resumed operation following a five-day halt. West Texas Intermediate rose from near its lowest closing price this year.

London-traded Brent futures sank as much as 0.5 percent, reversing an earlier gain. The Brent pipeline is flowing at less than full capacity, a spokesman for operator Abu Dhabi National Energy Co. PJSC, known as Taqa, said by telephone from Abu Dhabi, capital of the United Arab Emirates.