AFTER TWO LARGE CRUDE PRODUCTION BASES IN LIBYA BEGAN SHUTTING DOWN AMID A MILITARY BLOCKADE, SETTING THE STAGE FOR CRUDE FLOWS FROM THE OPEC MEMBER TO BE CUT TO A TRICKLE.
BRENT CRUDE FUTURES WERE UP BY 75 CENTS, OR 1.2% TO $65.60 BY 0109 GMT, HAVING EARLIER REACHED $66.00 A BARREL, THE HIGHEST SINCE JAN 9.