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NEW YORK, April 10 (Xinhua) -- Oil prices settled higher on Monday after a shutdown at one of Libya's major oilfields over the weekend.
Libya's Sharara oilfield was shut on Sunday after a group blocked a pipeline linking it to an oil terminal, media reports said on Monday.
In addition, analysts said recent U.S. actions raised concerns that the conflicts could spread in the Middle East and influence the global oil production.
The West Texas Intermediate for May Delivery added 0.84 dollars to settle at 53.08 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery gained 0.74 dollars to close at 55.98 dollars a barrel on the London ICE Futures Exchange.
