Commodities & Energy

Reuters ahead in reporting Britain's biggest oil pipeline shut for second time in 2 months; market reacts

Reuters ahead in reporting Britain's biggest oil pipeline shut for second time in 2 months; market reacts

Reuters was first to report on Feb. 7 that Britain’s biggest and most important oil and gas pipeline, Forties, was shut for a second time in two months, raising concerns about the reliability of infrastructure behind the world’s top oil benchmark. Oil prices jumped by about 50 cents a barrel following news about the pipeline closure, before later giving up those gains.