Oil prices rose and the global benchmark hit its highest level since 2015 Monday after the owner of a major European pipeline said it is shutting the system down for a period of weeks. Ineos, the British refining and chemicals company, said it would shut down the Forties Pipeline System for a “matter of weeks” after a hairline fracture discovered last week grew. The outage raised the prospect of a supply shortfall and comes as the global oil market has already become tighter following nearly a year of production cuts by the Organization of the Petroleum Exporting Countries and other major producers. Brent crude rose $1.29, or 2.03%, to $64.69 a barrel on ICE Futures Europe—its highest level since June 2015. U.S. crude futures rose 63 cents, or 1.1%, to $57.99 a barrel on the New York Mercantile Exchange. The pipeline system carries about 445,000 barrels of crude a […]