Oil settles higher as key U.S. fuel pipeline plans restart – Reuters

Oil settles higher as key U.S. fuel pipeline plans restart – Reuters

Oil prices settled higher on Monday after a major U.S. fuel pipeline said it could largely restart within the week after a cyberattack forced its shutdown.

Potential U.S. demand growth boosted crude prices, offsetting fears that a resurgent coronavirus pandemic in India would cut demand in Asia.

Colonial Pipeline (COLPI.UL), the largest fuel pipeline in the United States, said on Monday it expects to "substantially" restore operational service by the end of the week. read more