{"id":5373,"date":"2017-12-27T13:04:54","date_gmt":"2017-12-27T20:04:54","guid":{"rendered":"http:\/\/nigerianews.ca\/?p=5373"},"modified":"2018-01-04T21:00:26","modified_gmt":"2018-01-05T04:00:26","slug":"5373-2","status":"publish","type":"post","link":"https:\/\/nigerianews.ca\/5373-2\/","title":{"rendered":"Post-Libyan Pipeline Blast:\u00a0 Crude Oil hits $67\/bbl, highest in 2 years"},"content":{"rendered":"
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December 27, 2017:\u00a0 Crude 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.<\/div>\n<\/header>\n
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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.<\/p>\n

A Libyan military source said earlier that armed men had planted explosives at the pipeline.<\/p>\n

The country\u2019s output had been recovering in recent months after being held down for years by conflict and unrest.<\/p>\n

Brent crude, the international benchmark for oil prices, has risen to 66.76 dollars a barrel. Prices hit a session high of 66.83 a barrel.<\/p>\n

U.S. crude climbed to 59.76 dollars a barrel after touching a session high of 59.86 dollars.<\/p>\n

The impending restart of a key North Sea pipeline, Forties, limited the rally.<\/p>\n

The pipeline is being tested after repairs and full flows should resume in early January, its operator said on Monday.<\/p>\n

The producers have extended the supply cut agreement to cover all of 2018.<\/p>\n

\n

(Reuters\/NAN)<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

December 27, 2017:\u00a0 Crude 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 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