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BP field closure raises oil price |
| Home | (BBC) - Oil prices have risen above $77 a barrel after BP was forced to close one of the largest oilfields in the US because of a pipeline leak. The indefinite shutdown of the Prudhoe Bay oil field, which produces about 8% of US daily oil output, comes at a time when oil markets are already jittery. The ongoing conflict in Lebanon has raised concerns about oil supplies, keeping price close to record highs. |