North Sea oil pipe expected to resume shipments next month U.S. crude inventories at lowest level since October 2015 Brent crude closed at its highest in more than two years as shrinking U.S. stockpiles allay concerns over a global glut, while a key North Sea oil pipeline remains shut. In New York, futures closed at their highest in two weeks. Crude stockpiles last week plunged by the most since the height of North America’s summer driving season, a government report showed Wednesday. Meanwhile, Ineos Group’s Forties Pipeline System, which hauls oil from North Sea fields and helps set international prices, has been shut since Dec. 11 after a hairline crack was discovered. Bullish sentiments linger among traders following the “bigger-than-expected inventory draw,” said Rob Haworth, who helps oversee $150 billion at U.S. Bank Wealth Management in Seattle. “That’s still on the minds of market participants.” Oil is set to […]