NEW YORK – Oil prices are mixed in Monday midday trading, after Shell reported leaks and fires on a Nigerian pipeline.
Shell declared force majeure on crude contracts from the Trans-Niger Pipeline, seeking to be released from supply obligations for reasons beyond its control.
Benchmark West Texas Intermediate crude, which is produced and shipped in the U.S., $1.66 to $97.64 per barrel on the New York Mercantile Exchange.
Brent crude, which is used to price many varieties of international crude, including those from Nigeria, added 63 cents at $119.41 per barrel on the ICE Futures exchange.
Shell said the leaks in Nigeria have been repaired, but delays have affected oil loading schedules.
Average gas pump prices across the U.S. stood at $3.703 per gallon, down about half a cent from Sunday.
AP