Off the wire
• Swiss president visits Estonia to enhance cooperation  • U.S. stocks rally after jobs report  • China, UAE keen to further boost ties  • Hungarian president ratifies controversial Act on higher education  • German social democrats question NATO mandated spending  • Turkish FM extends condolences to Egypt  • Oil prices rise after Libya oilfield shuts down  • U.S. dollar drops ahead of Yellen's speech  • Iraqi forces push further in western Mosul amid heavy clashes with IS  • UN, Morocco say only political solution can bring security to Libya  
You are here: 　 Home

Oil prices rise after Libya oilfield shuts down

Xinhua, April 10, 2017 Adjust font size:

Oil prices settled higher on Monday after a shutdown at one of Libya's major oilfields over the weekend.

Libya's Sharara oilfield was shut on Sunday after a group blocked a pipeline linking it to an oil terminal, media reports said on Monday.

In addition, analysts said recent U.S. actions raised concerns that the conflicts could spread in the Middle East and influence the global oil production.

The West Texas Intermediate for May Delivery added 0.84 dollars to settle at 53.08 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery gained 0.74 dollars to close at 55.98 dollars a barrel on the London ICE Futures Exchange. Endit