Oil prices retreated from a high level in mid-2015 Supply disruption caused the

Oil prices fell after hitting nearly two-and-a-half-high levels on the previous day on Wednesday, losing momentum as a result of the disruption caused by Libyan and North Sea supplies.

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Brent crude oil futures settled at $ 66.44 a barrel, down 0.58 US dollars, the previous day climbed 67 US dollars a barrel for the first time in May 2015.

US crude oil futures ended at $ 59.64 a barrel, down $ 0.33 from the previous day's settlement price. US crude oil rose 60 U.S. dollars last day for the first time in June 2015.

"The market is still bullish on bullish news, but today we see some profit taking," said Gene McGillian, Tradition Energy's market research manager.

Libya's oil supply fell by about 90,000 barrels a day on Tuesday as a result of a pipeline explosion that sent crude to Es Sider.

Libya's National Petroleum Corp. executives told Reuters on Wednesday that repairing the crude oil pipeline may take about a week, but will have no major impact on exports.

On Wednesday, the Beihai Foults Pipeline delivered half the normal capacity, prompting the pipeline operator to resume full operation by early January.

The American Petroleum Institute (API) announced on Wednesday the market settlement, last week the United States crude oil inventories fell sharply, a decline exceeding expectations, due to increased output of refineries, but gasoline and distillate stocks increased.

API announced that as of December 22 this week, US crude oil inventories fell 6 million barrels to 4.328 million barrels, Reuters survey analysts expected to reduce 4 million barrels. Last week, gasoline stocks increased by 3.1 million barrels, is expected to increase by 1.3 million barrels. 2.8 million barrels of distillate stocks increased, analysts estimated to reduce 58.4 million barrels.