Oil Jumps in Volatile Trade Amid CPC Pipeline Disruption

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, on May 21, 2018. Francis Mascarenhas/Reuters

LONDON—Oil prices rose in volatile trading on Wednesday, supported by disruption to Russian and Kazakh crude exports via the CPC pipeline.

Brent crude futures were up $5.16, or 4.5 percent, at $120.64 a barrel at 1335 GMT. Prices had earlier fallen to a low of $114.45.