After a quiet overnight session, the price of Brent Crude spiked following news of an explosion at a Libyan crude oil pipeline that feeds the Es Sider sea terminal - home of the largest oil depot in Libya - a source from the Libyan National Army told The Libya Times Tuesday. #Breaking: #LNA sources accuse islamist militants from ‘the #Benghazi Defense Brigades’ of blast targeting the main pipeline linking the Sidrah terminal and #oil fields belonging to al-Waha company. #Libya pic.twitter.com/DjDqj0qQHk — The Libya Times (@thelibyatimes) December 26, 2017At the same time, the source accused militants from the Benghazi Defense Brigades of the blast. Meanwhile, the Akhbar Libya news outlet reported that the gas pipeline belonged to the al-Waha oil company. While there is still no official update on what impact the explosion could have on Libyan oil output, Brent is higher about 40 cents on the news...(Click to enlarge)... with Bloomberg reporting that Libya's Waha output is said to drop 60-70kbpd after the explosion.

Source: Libya Today December 26, 2017 18:00 UTC