International benchmark Brent crude rose $1.81, or 2.8 percent, to $67.06, after hitting an intraday peak of $67.10, its highest level since May 2015. Meanwhile, U.S. West Texas Intermediate crude futures jumped $1.50, or 2.6 percent, to $59.97, having traded as high as $60, the best level since June 25, 2015. U.S. WTI crude intraday, source: FactSetThe oil price spike occurred during thin trading between the Christmas and New Year's holidays. Both countries have suffered oil supply outages related to internal conflicts. Prices have been supported in recent weeks by another pipeline outage that carries U.K. North Sea Forties crude to market.

Source: Libya Today December 26, 2017 17:26 UTC