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Reported cyberattack on major US pipeline sends oil & gasoline prices higher

Crude and fuel price rose on Monday as one of the largest fuel pipeline systems in the US remained largely shut down after a reported cyberattack. The US has declared a state of emergency in 17 states due to the situation.

Both Brent and US West Texas Intermediate futures climbed around 0.7% to $68.79 a barrel and $65.37 a barrel respectively on Monday morning. Meanwhile, US gasoline futures and heating oil jumped around 1%.