Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market, while world stocks took a break from a three-day rally. Brent crude futures, the international benchmark for oil prices, rose above $65 a barrel – their highest since mid-2015 – after Britain’s Forties pipeline was shut due to cracks as a cold snap sweeps the country. [O/R] “The market reaction shows that in a tight market, any supply issue will quickly be reflected in higher prices,” said ANZ bank. Analysts also said the pipeline is a significant component underpinning the Brent benchmark. U.S. crude oil futures CLc1 rose nearly 1 percent to $58.51 a barrel. The […]