Colonial networks Jugular pipeline had to shut down after a major ransomware attack. Transporting 2.5 million barrels per day, the shutdown caused Brent price to rise by 76 cents or 1%, while gasoline was raised by 2%. This could lead to a potential blow to the economy. Working closely with experts, there is no fixed date when the entire network will be operational but a few minor lines between terminals and delivery points are active.

Click here to read the full story