Brent oil prices rally, set for highest settlement since mid-2015

Brent crude-oil futures rallied Monday, with prices set for their highest settlement since the middle of 2015, following reports Monday that a major North Sea pipeline has been shut down. A crack in the Forties pipeline, which carries about 40% of North Sea crude across land for processing at a refinery in Scotland, was discovered last week, according to BBC News. February Brent crude rose $1.12, or 1.8%, to $64.52 a barrel on ICE Futures Europe.

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