US Oil Hits $60 For First Time Since 2015

Oil prices surged to more than 2½-year highs Tuesday on reports that a pipeline explosion in Libya has disrupted a big chunk of the country’s crude supply.International benchmark Brent crude rose $1.81, or 2.8 percent, to $67.06, after hitting an intraday peak of $67.10, its highest level since May 2015.Meanwhile, U.S. West Texas Intermediate crude futures jumped $1.50, or 2.6 percent, to $59.97, having traded as high as $60, the best level since June 25, 2015.

Source: US crude hits $60 a barrel for the first time since June 2015 – CNBC

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