Shares of oil and gas companies were more or less flat as oil futures held onto most of their recent gains. One analyst said an outage in a key British pipeline would keep a floor under oil prices for as long as it lasts. "A shutdown of the...Forties pipeline, a major artery in the global oil market, caused a spike in the dated Brent market and is supporting oil products around the globe," said Phil Flynn, senior market analysts at the Price Futures Group, in a note to clients. "The pipeline system transports more than 40 percent of the U.K.'s North Sea oil production, leaving that market in a deep hole."
-Rob Curran, firstname.lastname@example.org
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(END) Dow Jones Newswires
December 12, 2017 16:10 ET (21:10 GMT)