Oil prices rose again on Wednesday, as fears over the fallout from the Brexit continued to abate. But some potential supply outages also added positive momentum to crude oil. A potential strike of oil workers threatens oil production in Norway in the coming days. Oil worker unions set a deadline for Friday, July 1 for their wage demands to be met. If negotiations don’t conclude successfully by then, about 7,500 workers will initiate a strike beginning on Saturday. Reuters estimates the strike could affect about one fifth of Norway’s 1.6 million barrels of daily (mb/d) oil production, or just under 300,000 barrels per day. A 2012 strike in Norway temporarily knocked off about 13 percent of the country’s oil production. Another supply disruption is looming in Venezuela, although this one would be much longer lasting and more difficult to reverse. Oil production has been declining for years in Venezuela, […]