Oil price rises after Libya civil war forces 2 oilfields to shut down - Business Insider

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Oil climbs above $65 after an escalation in Libya's civil war forces the shutdown of 2 major oilfields

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Commander Khalifa Haftar's forces closed a pipeline connecting Libya's largest oilfield and another major production base.Brent crude rose about 1.1% before retreating to hover at about $65.11. It reached the highest price since January 9. View Business Insider's homepage for more storiesOil climbed on Monday as the civil war in Libya forced two of the nation's largest oilfields to begin shutting down.

Supporters of military commander Khalifa Haftar closed a pipeline connecting Libya's largest oilfield and another major production base,

 

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