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Crude-oil futures settled at their highest level in 2 1/2 years Friday, spurred by reports of violence near Libya‘s oil facilities.

Light, sweet crude for April delivery settled up $2.51, or 2.5%, at $104.42 a barrel on the New York Mercantile Exchange, the highest settlement since Sept. 26, 2008. Brent crude on the ICE futures exchange settled up $1.18, or 1%, to $115.97 a barrel.

More violence in Libya, the member of the Organization of Petroleum Exporting Countries that has been consumed by armed revolt in recent weeks, again lifted crude prices Friday.

 

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