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Crack in Forties pipeline could raise already-high oil prices, IEA says

By Dave Keating ( December 14, 2017, 11:40 GMT | Insight) -- The closure of the Forties pipeline network in the North Sea could push crude-oil prices even higher, the International Energy Agency said, as it forecast a 2017 average of $54 per barrel for benchmark Brent crude. However, slowing global demand growth will keep a lid on prices.The closure of the Forties pipeline network in the North Sea could push crude-oil prices even higher, the International Energy Agency said, as it forecast a 2017 average of $54 per barrel for benchmark Brent crude....

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