Oil slides as Colonial pipeline restarts, high Covid-19 cases in India

Anadolu Agency | May 14, 2021 at 12:30 PM
  • Oil prices continued to decrease on Friday as a key U.S. pipeline restarted on late Wednesday and runs with almost half of its capacity on Thursday.
  • International benchmark Brent crude was trading at $66.78 per barrel at 0650 GMT for a 0.40% decrease after closing Thursday at $67.05 a barrel.
  • The largest oil refinery in the US, Motiva in Port Arthur, Texas, which processes over 600,000 barrels of oil per day, halted operations due to the attack.