SINGAPORE (April 11): U.S. crude oil rose for a sixth consecutive session on Tuesday to hit its highest level in five weeks, underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya's largest oilfield. Libya's Sharara oilfield was shut on Sunday after a group blocked a pipeline linking it to an oil terminal, a Libyan oil source said. While Syria produces only small volumes of oil, the Middle East is home to more than a quarter of the world's oil output. The gain in oil prices comes despite rising U.S. shale oil production. "Crude oil prices were firmer as oil investors shrugged off rising U.S. supplies and looked forward to the summer driving season," ANZ said in a note.

Source: The Edge Markets April 11, 2017 00:22 UTC