Oil climbs to 5-month highs as Libyan conflict feeds expectations of tighter global supplies – MarketWatch

Oil climbs to 5-month highs as Libyan conflict feeds expectations of tighter global supplies...

By Markets/commodities reporter News editor Oil futures climbed to fresh five-month highs on Monday, with U.S. prices settling above $64 a barrel for the first time since late October, as fighting in Libya fed expectations for tighter global supplies. Signs that trade tensions are easing between the U.S. and China also provided support to oil…

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