Brent above $65 Brent has continued to charge northwards this morning, adding to yesterday's impressive gains and pushing the black stuff over $65 the barrel for the first time since 2015. This is Brent's fourth straight positive session, which has seen Brent climb over $4.5 dollar since last Thursday. The principle pipelines in the North Sea has been closed for emergency repairs. This pipeline supports 40% of North Sea oil and gas production. This pipeline blip is occurring to the backdrop of the recently agreed OPEC supply cut extension, which is also offering support to oil prices. Given that the market have been given a timeline of a few weeks for the closure, there is a good chance that the resultant upside for Brent could be capped.
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