(Bloomberg) -- Crude oil rose to an 11-month high in
New York after Total SA lost production and declared force majeure
at the Dalia field in Angola.
Total's decision covered half the oil pumped at the field,
which had produced 240,000 barrels a day, said Patricia Marie, a
company spokeswoman. A generator failure caused the problem. Oil
also gained because the U.S. government said gasoline stockpiles
fell last week as imports plunged and demand climbed.
Read more at Bloomberg Energy News
New York after Total SA lost production and declared force majeure
at the Dalia field in Angola.
Total's decision covered half the oil pumped at the field,
which had produced 240,000 barrels a day, said Patricia Marie, a
company spokeswoman. A generator failure caused the problem. Oil
also gained because the U.S. government said gasoline stockpiles
fell last week as imports plunged and demand climbed.
Read more at Bloomberg Energy News
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