Futures in New York and London touched the highest in more than two years after reports of an explosion at a pipeline operated by Waha Oil that carries crude to the Es Sider terminal in Libya. Waha output fell by 60,000-70,000 barrels a day, according to a person familiar with the situation. Meanwhile, Saudi Arabia is said to expect oil revenue to jump about 80 percent by 2023.

Source: Libya Today December 26, 2017 05:49 UTC