Home Breadcrumb caret Industry News Breadcrumb caret Industry Breadcrumb caret Investments Breadcrumb caret Market Insights Oil field outage in U.K. bumps prices Oil prices jumped yesterday, following a power outage that closed the UK’s largest oil field. By Staff | July 17, 2015 | Last updated on July 17, 2015 1 min read Oil prices jumped yesterday, following a power outage that closed the largest oil field in the U.K., reports Reuters. Also, new data shows there’s been “a fall in crude inventories, and strong demand from refineries in the United States […] The data suggests demand in the U.S., the world’s biggest oil consumer, [is] holding up well and still absorbing fuel at a time of ample global production.” Read more. Also check out: Iran oil recovery could start in 2016: Fitch 4 ways cheap oil helps emerging markets 5 international markets to watch Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo