Tuesday 26 December 2017

Oil hits 2-1/2 year highs on Libyan pipeline blast

Oil hits 2-1/2 year highs on Libyan pipeline blast:

"Oil prices touched two-and-a-half year highs in light volume on Tuesday, 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. "



'via Blog this'

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