The Limited Times

Now you can see non-English news...

Oil is rising after a cyberattack causes US pipelines to close

2021-05-13T02:58:25.616Z


TOKYO - SANA Crude prices rose today after a major cyber attack that shut down critical supply pipelines


Tokyo - SANA

Crude prices rose today after a major cyber attack caused the closure of important fuel supply pipelines in the United States and highlighted the fragility of its oil infrastructure.

Reuters reported that Brent crude rose 57 cents, equivalent to 0.8 percent, to $ 68.85 a barrel, after rising 1.5 percent last week.

And US West Texas Intermediate crude futures rose 51 cents, or 0.8 percent, to $ 65.41 a barrel, after rising by more than two percent last week.

The Colonial network, which was subjected to the cyber attack, is the source of nearly half of the fuel supplies to the east coast of the United States, transporting 2.5 million barrels per day of gasoline and other fuels. The company was forced to close all pipelines after the cyber attack on Friday.

Source: sena

All business articles on 2021-05-13

You may like

News/Politics 2024-03-10T10:28:15.786Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.