Norway intervenes to avert oil industry closure


OSLO (Reuters) - Norway's government ordered on Monday a last-minute settlement in a dispute between striking oil workers and employers in a move to alleviate market fears over a full closure of its oil industry and a steep cut in Europe's supplies.

The strike over pensions has kept oil prices on the boil as a lack of government action to avert a plan by the oil industry to lock out all offshore staff from their workplaces from midnight (2200 GMT) has taken markets by surprise.

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