Oil prices jump as Libya halts crude exports

NEWS IN ENGLISH

Oil prices climbed on Tuesday amid lower output from Libya, where the country's National Oil Corporation (NOC) halted exports from the port of Hariga.

According to the NOC, the force majeure on crude exports was declared due to a lack of funding from the Central Bank of Libya, leading to a drop in Libya's output to below 1.0 million barrels a day.
Brent crude futures for June delivery rose 0.97 percent to 67.64 dollars per barrels while Brent for May delivery was up 0.88 percent to 63.99 dollars per barrel.

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