Al-Arabiya | Oil Extends Weekly Loss as Libya Opens Pipeline Bloomberg (Bloomberg) -- Oil extended a weekly decline as Libya restarted a crude pipeline halted by a fire and the U.S. idled fewer drilling rigs than in previous weeks. West Texas Intermediate lost as much as 1.4 percent after falling 4.6 percent last week ... Libyan oil flows resume from largest field Brent Oil Drops Below $60 as Libya Adds to Surplus Oil Flows Resume at Libya's Largest Field |