Crude Oil Rises as Turkey Says Pipeline Repair May Take 2 Weeks
Crude Oil Rises as Turkey Says Pipeline Repair May Take 2 Weeks
Crude oil rose for the first time in four days after Turkey said a pipeline carrying crude to the Mediterranean from Azerbaijan may remain shut for two weeks following an explosion on Aug. 5. The pipeline is able to ship 1 million barrels a day, Ali Gungor, governor of the Erzincan province, where the blast occurred, said today. A Kurdish separatist group claimed responsibility for bombing the line, which is still burning.
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