Oil prices close at 2-1/2 year peak

Oil prices in New York jumped to a two-and-a-half year high Tuesday and briefly topped $60 a barrel due to a Libyan pipeline explosion and frigid weather in the US. The benchmark US contract, West Texas Intermediate for February delivery, rose $1.50 to $59.97 a barrel after earlier breaching $60 for the first time since June 2015. Brent North Sea crude for February delivery advanced $1.77 to $67.02 a barrel, a level not seen since mid-2015.

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