US crude tops 2-yr high as Keystone outage hits supply

US West Texas Intermediate crude futures hit $58.92 a barrel, their highest since July 2015

An oil rig drilling a well at sunrise, owned by Parsley Energy Inc near Midland, Texas, US. (File photo: Reuters) — An oil rig drilling a well at sunrise, owned by Parsley Energy Inc. near Midland, Texas (US) | Photo: Reuters

Last Updated : Nov 25 2017 | 3:12 AM IST

US oil prices hit their highest levels in more than two years on Friday after the continued shutdown of a key pipeline running from Canada to the United States was expected to reduce supply into a major storage facility.

US West Texas Intermediate crude futures hit $58.92 a barrel, their highest since July 2015, before easing to trade up 79 cents on the day at $58.81.