Oil Finishes Marginally Higher due to Pipeline Incident

Oil prices finished Monday’s trading marginally higher, on the back of concerns about a cyberattack on the Colonial Pipeline in the United States.

Brent crude futures for July delivery rose by 4 cents to settle at the level of $68.32 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for June delivery added 2 cents and closed at $64.92 per barrel.

The attack is expected to lead to another increase in gasoline prices in the U.S., according to media reports.