Stock advisory Company, Crude oil futures continues their surge
Crude oil futures continued their gaining streak to the new week and ended higher on Monday, amid supply disruptions after a major North Sea pipeline shut for repairs. The major pipeline crack in the UK's the North Sea which carries 40% of North Sea oil and gas have caused Brent crude oil prices to spike fast than US oil, leading the Brent crude to reach its highest since 2015. Oil prices shrugged off somewhat bearish comments from UAE Energy Minister Suhail bin Mohammed Al-Mazroui, who said OPEC and non-OPEC producers plan to announce in June an exit strategy from global supply cuts.
Benchmark crude oil futures for January delivery ended higher by $0.63 or 1.1 percent at $57.99 a barrel on the New York Mercantile Exchange. Brent crude for February delivery was up by 2.1 percent to $64.72 a barrel on the ICE.
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