- Advertisement -Oil prices have touched two-and-a-half year highs in light volume boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts. Libya has lost around 90,000 bpd of crude oil from a blast on a pipeline feeding Es Sider port, a Libyan oil source said, adding that NOC was still assessing the damage. A Libyan military source said earlier that armed men had planted explosives at the pipeline. Brent crude, the international benchmark for oil prices, has risen to 66.76 dollars a barrel. U.S. crude climbed to 59.76 dollars a barrel after touching a session high of 59.86 dollars.

Source: Libya Today December 27, 2017 12:56 UTC