Brent crude futures rose by almost two dollars to US$102.2 per barrel, rebounding from a slip below $100 to $99.66 earlier in the session on weak Chinese data. That was the lowest price for Brent in one month, as per Reuters. The rise in Brent crude oil futures has been supported by a weak dollar and a supply outage in North Sea crude oil.
Oil producer Nexen confirmed its North Sea Buzzard oilfield, which supplies Forties, the leading stream behind the Brent benchmark, was shut, supporting prices. The oilfield was expected to return to normal by mid-week.
04-Jun-13 
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