Oil prices continued to rise on lingering fear of fuel shortage

International benchmarks for crude oil nudged higher on Tuesday, 11 May 2021 on fear of gasoline shortage in the US after a cyber-attack caused the country’s largest pipeline system to shut down. Colonial Pipeline said the company would be able to restart the pipeline within this week.

Brent inched 23 cents higher, or 0.34% to $68.55/barrel.

WTI gained 36 cents, or 0.55% to $65.28/barrel.