Oil prices decline after restarting part of Keystone Pipeline

Global oil prices on December 15 morning fell by almost 1% after the announcement of the restart of part of the Keystone Pipeline, Report informs referring to the auction data.

The price of February futures for Brent crude fell by 0.73% to $82.1 per barrel, January futures for WTI decreased by 0.89% to $76.59.

On December 15 morning, oil prices rose after TC Energy announced that part of the Keystone Pipeline was restarted, which allowed some supplies to resume. Previously, oil prices rose for three days on fears of a possible shortage of raw materials caused by a pumping stop due to a leak at Keystone.