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Oil prices jumped to 10-day high against the closure of the fields in Libya

Business and Finance

the Effect will be limited, since the volume of oil exports from Libya are not so great and not so significant for the world market.

Oil prices jumped to 10-day high against the closure of the fields in Libya

the price of oil rose to its highest level in ten days after two major deposits in oil production in Libya began to close on the background of the military blockade, risking to reduce the flow of oil from OPEC.

Brent crude Oil LCOc1 were up 37 cents or 0.6% to 65.22 per dollar, earlier reaching $ 66 per barrel, the highest level since January 9.

Contracts West Texas Intermediate CLc1 rose 24 cents, or 0.4%, to 58,78 dollars per barrel, after rising to 59,73 of the dollar, the highest level since January 10.

national petroleum Corporation (National Oil Corporation, NOC) of Libya has declared a state of emergency in connection with the closing forces of the Libyan national army (LNA) field Marshal Khalifa the Haftarot of a number of its ports for oil exports. On Sunday she reported that two major oil fields in the South-West of the country began to suspend operation.

According to a representative of NOC, in case of a long suspension of the export of oil production in Libya fell to 72,000 barrels per day. Lately Libyan production was at the level of 1.2 million barrels per day.

German Chancellor Angela Merkel told reporters Sunday that the participants of the Berlin summit on the settlement of the Libyan conflict agreed that the tentative truce in Tripoli must be transformed into a permanent ceasefire in order to start a political process.

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