Oil prices rose nearly 2 percent on Monday morning, on trade deal hopes and OPEC supply outages. One of the largest OPEC outages at the moment is the supply disruption at the 150,000 bpd Nigerian Bonny Light export terminal, which was shut down last week according to local media. The operator of the Nembe Creek pipeline, Aiteo Eastern Exploration and Production Company, said it had shut down the pipeline at the end of February, due to an “outage” in a statement detailing an explosion that had occurred on Saturday near a well at the Nembe field. “Preliminary investigations confirm that there were no fatalities, human incidents or damage to community property. All the wells and facilities in the immediate vicinity have been inspected and secured. This incident did not occur at or involve any part of the NCTL or other pipelines,” Aiteo said in response to an Associated Press […]