Oil is rising due to a hacker attack in the United States

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Oil is rising due to a hacker attack in the United States

11.05.2021 News

World oil prices of reference brands began the working week with a moderate increase amid disruptions in the US Colonial Pipeline after a hacker attack. This is evidenced by trading data on Monday, May 10.

Thus, July futures for Brent on the London Stock Exchange ICE Futures rose by $ 0.57 (0.83%) – to $ 68.85 per barrel. Following the results of trading on Friday, these contracts rose by $ 0.19 (0.3%) to $ 68.28 per barrel.

The price of futures for WTI in June on the New York Mercantile Exchange (NYMEX) rose by $ 0.49 (0.76%) – to $ 65.39 per barrel. On Friday, the value of these contracts increased by $ 0.19 (0.3%) to $ 64.9 per barrel.

Now the spread between the current contracts for Brent and WTI is $ 3.46 in favor of Brent.

The day before, it became known that the hacker attack paralyzed the Colonial Pipeline – the largest gas station in the United States, which supplies about 45% of gasoline and diesel fuel consumed on the east coast of the country.

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