Oil rises as Libya declares force majeure in oilfields - Reuters:
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle.
Brent crude LCOc1 was up 59 cents, or 0.9%, at $65.44 by 1442 GMT, having earlier touched $66 a barrel, its highest since Jan. 9.
West Texas Intermediate CLc1 was up 39 cents, or 0.7%, at $58.93 a barrel, after rising to $59.73, the highest since Jan. 10.
Two major oilfields in southwest Libya began shutting down on Sunday after forces loyal to Khalifa Haftar closed a pipeline, potentially cutting national output to a fraction of its normal level, the National Oil Corporation (NOC) said.
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