Brent crude oil hit a high for the year above $67 a barrel on Tuesday after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports.
Zueitina was one of the few Libyan ports still exporting oil a
Oil rose above $107 a barrel on Tuesday after five straight declines supported by doubts about a recovery in Libyan output, fighting in Iraq and as cold weather across the central US threatened production.
Libya's navy opened
Bank of America Merrill Lynch said on Tuesday oil may correct sharply lower later this year if Libya starts producing again and the dollar soars, taking a polar view from peers which expect the oil rally to accelerate.
Goldman Sachs, which