Oil hits 2-1/2 year highs on Libya pipe explosion

A Libyan military source said earlier that the gunmen had planted explosives on the pipeline… Brent crude LCOc1, the international benchmark for oil prices, rose $ 1.51, or 2.31 percent, to $ 66.76 a barrel by 11:40. m. (1640 GMT.) Prices getref’n session high of $ 66.83 a barrel, the highest since the end of May 2015…Brent has risen from 17 percent, while the U.S. crude oil has rallied about 11 percent in 2017. The Organization of petroleum exporting countries, as well as Russia, and other non-members, is the prevention of some of the output by Jan. 1 to get rid of excess… While the OPEC action has extensive support…