Norwegian Oil Strike called off

Brent crude rose to 52.24$ a barrel today, partly on the news of the Norwegian Shipowner Association’s threat to lockout all rigs in the conflict that started July 1st. But the jittery market can save it’s concerns for other parts of the world. The oil extraction is regarded “of vital interest” to the country’s economy, and the last 12 strikes have all been brought to an end (before they were even started) by ordering both sides into arbitration. So don’t worry, we’ll be pumping at full capacity until holes are dry!
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http://www.aftenposten.no/english/business/article898311.