Baku – APA-Economics. Oil prices jumped on Monday after armed protesters in Libya refused to lift a months-long blockade of key oil terminals in the eastern part of the country, Channel News Asia reported.
US benchmark West Texas Intermediate for January delivery gained 88 cents to $97.48 a barrel on the New York Mercantile Exchange.
European benchmark Brent oil for January delivery jumped $1.64 to $110.47 a barrel in London.