U.S. oil climbs above $55 a barrel on renewed Libyan tensions.

SINGAPORE (Reuters) - U.S. crude rose more than $1 in early Asian trade on Monday, reversing a fall in the previous session as escalating clashes in Libya threatened oil exports and supply disruptions from the OPEC member.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/q2IqqXbKohA/story01.htm