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Oil tops $100 a barrel as UK air traffic outage sparks chaos
Nats provides air traffic control services to 15 UK airports, and more than 1,900 flights were cancelled over two days as further delays were expected.
UK air travel disruption following a technical glitch at National Air Traffic Service has helped push energy prices higher, with oil rising above $100 a barrel for the first time since July, according to the Guardian Business.
More than 1,900 flights were cancelled over two days, and the disruption was still affecting flights to and from UK airports as of the latest updates, the outlet said. The Nats outage also led to expectations of further cancellations and delays.
The UK government said the head of Nats has one week to deliver a full report on the investigation into what caused the glitch, according to the outlet. Downing Street said the transport secretary met the Nats chief to raise concerns about the scale of disruption.
The story also notes UK and European gas prices surged to multi year highs amid the broader market reaction, with energy stocks among the few areas moving higher even as European equities slid, according to the Guardian Business.