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Oil rises on uncertainty over U.S. pipeline restart, Russian supplies

Por: CNBC Business December 12, 2022

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Oil pumpjacks operate near residences in Los Angeles, California.Mario Tama Getty Images News Getty ImagesOil prices rose more than 1% on Monday as a key pipeline supplying the United States stayed shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. futures were up 30 cents, or 0.4%, to $76.40 a barrel by 0300 GMT. was at $71.53 a barrel, up 51 cents, or 0.7%.related... + full article



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